EUR/USD
Higher time frames
At the close of the previous week, the bulls failed to settle above key levels of 1.0611 and 1.0590 (monthly Fibo Kijun + daily short-term trend). Resistance is now seen at 1.0750 (lower limit of the weekly could) and support stands at 1.0540, 1.0480, 1.0419 (levels of daily Ichimoku golden cross).
H4 – H1
Due to market uncertainty yesterday, the pair is now hovering around the key level of lower time frames in the area of 1.0613-26 (central Pivot level + weekly long-term trend). In case of a downward movement, intraday support is seen at 1.0569, 1.0531, and 1.0487. If the bulls consolidate above 1.0613-26, resistance will stand at 1.0651, 1.0695, and 1.0733 (classic Pivot resistance).
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GBP/USD
Higher time frames
Last week was bearish. The lower limit of the monthly cloud at 1.2454 serves as key resistance. The pair has encountered support at 1.2077-99 (daily target levels). Should the price leave the support zone and liquidation of the daily golden cross (1.2009) take place, the quote will head to the support levels of 1.1842 and 1.1762.
H4 – H1
Although sentiment is now bearish, the market is flat. The pair trades near the central Pivot point of 1.2169. The level of 1.2261 (weekly long-term trend) is now seen as key resistance. A bullish reversal may occur in case of consolidation above the mark.
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Technical analysis indicators:
Higher time frames: Ichimoku Kinko Hyo (9.26.52) and Fibo Kijun
H1: Pivot Points (classic) + Moving Average with Period 120 (weekly long-term trend)