EUR/USD

The bulls failed to confirm their Friday gains and have not even updated last week's high. Meanwhile, its rival took control and already marked a new low, interacting again with the attraction and influence zone of the monthly Fibo Kijun (1.1695). The result of this interaction is likely to be reflected in longer-term trends. The next support can now be noted at the level of 1.1602 (the previous minimum extremum). In turn, the nearest resistances are still the levels of the daily Ichimoku cross, which are set at 1.1769 (Tenkan) and 1.1805 (Kijun) today.

It was not possible to stay above the key levels last time. The bearish traders have regained the advantage in the smaller time frames, but it will be possible to speak of a larger-scale success until the monthly support at 1.1695 is broken. Today, the downward pivot points from the classic pivot levels are located at 1.1682 - 1.1655 - 1.1604. The key levels in the smaller intervals are currently joining forces around 1.1733-51 (central pivot level + weekly long-term trend).

A consolidation above which can change the balance of forces in the H1 chart. In this case, the result of interaction with the monthly level of 1.1695 will also be important. If instead of the daily consolidation, the bullish traders manage to rebound from the level, they will gain significant prospects for its confirmation and development.

GBP/USD

The bears tried to break through again the encountered support levels despite last week's failure. As a result, they slowed down only at the final border of the Ichimoku daily golden cross (1.3728). The broken levels are now forming resistance at the borders of 1.3777-87 (daily Kijun + weekly Tenkan) and 1.3830 (daily levels + weekly Fibo Kijun). The breakdown of the support will lead to testing the monthly short-term trend, which is seen at 1.3690.

The bulls did not manage to maintain their advantage, which resulted in the continuation of the downward trend. Currently, the preponderance of forces is on the side of the bears, but the pair is in the correction zone. The development of which weakens the bearish mood and allows the opponent to restore their positions.

The key levels are now forming pivot points for correction at 1.3768 (central pivot level) and 1.3823 (weekly long-term trend). A consolidation above will change the current balance of power again. This condition will be confirmed at the bigger time frames (1.1830 daily levels + weekly Fibo Kijun), so it would be better to reevaluate the situation and prospects.

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Ichimoku Kinko Hyo (9.26.52) and Kijun-sen levels in the higher time frames, as well as classic Pivot Points and Moving Average (120) on the H1 chart, are used in the technical analysis of the trading instruments.