EUR/USD
Higher Timeframes
Towards the end of the week, bullish players have lost their earlier gains. The result of testing the upper boundary of the weekly cloud (1.0954) could be a reversal candlestick pattern. The loss of support for the monthly short-term trend (1.0862) raises questions about testing the final supports of the Ichimoku crosses on daily and weekly timeframes; in this case, the bearish outcome should be their liquidation.
H4 - H1
Yesterday, bears on lower timeframes managed to break through the defense of the weekly long-term trend, after which they began actively declining. Intraday benchmarks for strengthening bearish sentiment today are the supports of classic pivot points (1.0859 - 1.0833 - 1.0785) and the target levels for breaking the Ichimoku cloud on H4 (1.0796 - 1.0814). If bulls now try to regain lost positions, their primary task will be to return to their side of the key levels, which are currently located at 1.0793 (central pivot point of the day) and 1.0805 (weekly long-term trend).
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GBP/USD
Higher Timeframes
Yesterday, the corrective decline continued. Bulls lost the daily short-term trend, with this level (1.2781) being the first encountered by the market in case of a retest. The nearest prospect for bears now is the area of the daily medium-term trend (1.2713) and weekly levels (1.2705-02). Today marks the end of the week, and perhaps bears will be able to form a reversal candlestick combination on the weekly timeframe.
H4 - H1
Bears managed to overcome the attraction and influence of the weekly long-term trend, which allowed them to develop a sufficiently effective decline. Intraday bearish benchmarks today are the supports of classic pivot points (1.2712 - 1.2675 - 1.2620). If bulls show activity, their first task will be to return to their side of the key levels of lower timeframes – the central pivot point (1.2767) and the weekly long-term trend (1.2800).
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)