EUR / USD

There is no progress in the movement yet. The pair remains in the attraction level at 1.1813, which is limited by the daily short-term trend (1.1860). Moreover, the necessary conditions to develop the downward correction still remain. The nearest supports are still located at 1.1740 (monthly Senkou Span A + daily Kijun) and 1.1695 (weekly level + daily Fibo Kijun). In case of consolidation below, there will be new prospects for the players to decline. However, if the players to increase will be able to limit the current correction again to the support zone 1.1813 - 1.1740 - 1.1695, then the main task for them will be to implement a rise to the upper boundary of the monthly clouds (1.2167) after the upward trend fully recovers (1.1966).

On the hourly (H1) chart, players to rise are trying to consolidate above the key levels, that is, in the area of 1.1814-21 (central pivot level + weekly long-term trend). Working above the levels and reversal of the moving average will help to strengthen bullish positions. Today, the resistance of classic pivot levels within the day are 1.1855 - 1.1881 - 1.1922. A consolidation below the 1.1814-21 zone will return activity to the supports 1.1788 (S1) - 1.1747 (S2) - 1.1721 (S3), which are still strengthened by the support levels in the higher halves. Therefore, it is important to have reliable anchoring below the supports and exit from their zone of influence, so that the situation will further develop.

GBP / USD

The bulls continued to resist and they managed to close the day above the important historic level of 1.32. A reliable consolidation above and recovery of the upward trend (1.3266) will allow them to continue rising to the monthly cloud (1.3601). Bulls' failure and any weakness in the current situation can be immediately used by the opponent. Bears, in turn, are likely to be active and effective. The most important supports can be noted at 1.3159 - 1.2970 - 1.2874.

The bulls managed to consolidate above the key levels, reversed moving averages and reached support from technical indicators, so they currently have the advantage in the lower halves. Among the upward targets within the day, we can recognize the resistance of the classic pivot levels (1.3245 - 1.3283 - 1.3347) and the maximum extremum of 1.3266. In case of a correctional decline, the key supports are located today at 1.3181 (central pivot level) and 1.3142 (weekly long-term trend). A consolidation below will change the current power balance at H1, and may also serve as the start of a new rebound from the historical level of 1.32 while strengthening bearish mood.

Ichimoku Kinko Hyo (9.26.52), Pivot Points (Classic), Moving Average (120)