EUR/USD

Bullish traders have left the stagnation zone and are actively trying to continue rising. They have now already entered the daily cloud (1.2007) and so, we can note the further upward targets set at 1.2064 (weekly Fibo Kijun) and 1.2092 (upper border of the daily cloud). The levels that united their efforts around the area of 1.1976 (weekly cross + monthly short-term trend) continue to provide attraction and nearest intraday support.

The weekly long-term trend (1.1953) in the smaller time frames acted as the basis for the completion of the downward correction today. At the moment, the bulls form a new high and continue the development of the upward trend. In the current situation, the final resistance of the classic pivot levels, namely 1.2045 (R3) remains an intraday bullish pivot point.

GBP/USD

The upward potential during the previous week allowed the bulls to update their highs and continue their growth. Currently, the daily medium-term trend (1.3837) and the lower border of the cloud (1.3845) provide resistance and attraction. We can also note the daily benchmarks at 1.3876 (Fibo Kijun) and 1.3924 (upper border of the cloud).

It should be noted that the elimination of the Ichimoku daily cross and the breakdown of the daily cloud will lead the pair to test the weekly short-term (1.3954) and the upper limit of the monthly cloud (1.4002). The result of interaction with these levels will determine further options and opportunities. Today's nearest supports are the daily levels set at 1.3796-68.

The bullis traders have the advantages and support of the analyzed technical instruments in the lower time frames. They are currently implementing an upward trend, which is in its active phase. Here, the upward targets are the resistances of the classic pivot levels (1.3876 - 1.3920 - 1.4001), while the key H1 levels are now represented as supports, which combine their efforts in the area of 1.3775-95 (central pivot level + weekly long-term trend).

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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.