EUR/USD

The deceleration formed when entering the zone of influence of the monthly Fibo Kijun (1.1695) managed to develop into a corrective rise, the nearest reference point of which is now the area of 1.1821-23 (the daily short-term trend + the first target level of the daily target). The level of 100% completion of the daily target (1.1762) can interfere with the development of the situation and provide attraction at the current stage. Today, we close the week. The long lower shadow on the weekly candlestick will contribute to the formation of prerequisites for the retest of the levels of the weekly Ichimoku cross passed the day before.

The bulls are trying to achieve a reliable advantage. The key supports of the lower halves have joined forces today and will help the bulls to defend their interests at 1.1755 (the central Pivot level + the weekly long-term trend). The resistances of the classic Pivot levels are now the benchmarks for continuing the rise within the day (1.1800 – 1.1823 – 1.1867). The loss of key levels (1.1755) may bring the bears back to the market. Their landmarks today are located at 1,1733 – 1,1689 – 1,1666 (supports classic Pivot levels).

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GBP/USD

The bulls continued to rise yesterday. Today, they face a rather difficult task – they need to overcome significant resistances. The daily medium-term trend (1.3847) descended to support the trend line of the weekly downward correction. The next important border of the bulls is the area of 1.3904 (weekly short-term trend). In case of failure, the support levels for the bulls today are located at 1.3766 (daily Tenkan) and 1.3714-06 (weekly Fibo Kijun + daily Senkou Span B).

At the moment, the advantage on H1 belongs to the bulls. They continued their ascent today and marked a new high. Further upward targets within the day can be noted at 1.3862 (R1) - 1.3894 (R2) – 1.3953 (R3). The key levels on the H1 chart formed a support zone around 1.3803 (the central Pivot level) and 1.3780 (the weekly long-term trend) in case of a downward correction. Support for classic Pivot levels today is located at 1,3771 – 1,3712 – 1,3680.

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In the technical analysis of the situation, the following are used:

Higher time frames - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)