EUR/USD

The Ichimoku daily cloud helps keep the uncertainty going. As a result, a long lower shadow appeared on the daily candle after a long upper shadow. The pair continues to stay below the resistance level of 1.2064 (weekly Fibo Kijun) - 1.2092 (daily Senkou Span B). The breakdown of these levels and a consolidation above it will open up new bullish prospects. At the moment, important support levels continue to combine their efforts in the area of 1.1976 (weekly cross + monthly short-term trend + daily Tenkan + lower limit of the daily cloud).

The pair in the smaller time frames has been trading in the downward correction zone for two days in a row. Today, the main H1 support levels defend the bulls' interests located at the borders of 1.2011-26 (weekly long-term trend + central pivot level). Once the borders are broken and a consolidation occurs below, the current balance of forces on H1 will change. In this case, we can note the next support levels during the decline at 1.1981 (S2) and 1.1962 (S3). The upward targets, in turn, are the resistances of the classic pivot levels (1.2052 - 1.2071 - 1.2097).

GBP/USD

The pound sterling remains below the encountered resistance zone 1.3955 (weekly short-term trend) - 1.4002 (upper border of the monthly cloud), being still under the influence and attraction of these levels. The primary tasks of the bulls is to break through this zone and gain a foothold below, followed by eliminating the attraction. Today's support levels maintain their position at 1.3879 (daily Fibo Kijun) - 1.3839 (lower border of the daily cloud + daily cross) - 1.3798 (daily Fibo Kijun).

The downward correction led the pair to test key supports in the smaller time frames, which keep their positions at 1.3919 (central pivot level) - 1.3889 (weekly long-term trend) today. It is worth noting that its breakdown will change the current distribution of forces and create preconditions to strengthen bearish mood. The other supports are set at 1.3855 and 1.3826 (classic pivot levels). If a rebound forms from the key supports, it will be important to restore the upward trend (high extremum 1.4008).

***

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.