EUR/USD

Certainty could not win once again. The result turned into another long shadow of the daily candle. This time, the bulls were defeated. The pair remains within the borders of 1.1840 (daily Tenkan) and 1.1787 (weekly Tenkan), with the center of gravity at 1.1815 (daily Fibo Kijun + lower border of the daily cloud). Moreover, conclusions and expectations remain the same. In this situation, the victory of the bulls will set the task of breaking through the range of 1.1894 - 1.1909 (weekly level + the nearest maximum extremum).

In turn, it is important for the bears to break through the level of 1.1787 and eliminate the daily gold cross. Its final level is now located at 1.1758.

The advantages in the smaller time frames are powerless against the resistances and supports of the higher ones. Uncertainty and instability are forcing the pair to trade in the attraction zone of key levels, which have joined forces around the level of 1.1816 (central pivot level + weekly long-term trend) today. In such a situation, a movement above key levels creates opportunities to increase the bullish potential. Today, intraday reference points are located at 1.1833 - 1.1862 - 1.1879 (classic pivot levels).

On the contrary, trading below the levels (1.1816) will strengthen the bearish mood. If a decline occurs, support levels of 1.1787 - 1.1770 - 1.1741 (classic pivot levels) may come into operation, which is gaining strength from the supports (1.1787 - 1.1758) in the higher time frames.

GBP/USD

Yesterday, the bulls tried to break the situation. There was enough strength to reach the next resistance level of 1.3910 (upper border of the daily cloud + weekly medium-term trend), but the situation changed. The bulls were pushed back not only from the resistance, but also found themselves deep below the most significant levels of this area 1.3830 (weekly Fibo Kijun) - 1.3848 (monthly Tenkan), where other daily supports are also located (1.3819 - 1.3793). At the moment, the pair is trying to return to the attraction zone of 1.3830-48. As a result, we can state that there is no stability and direction of movement at the moment.

Bullish traders worked out all the intraday targets on Tuesday, but they lost not only the positions they had reached, but also gave the key levels to their opponent by the close of the day. Currently, key levels are being retested, which are set at the borders of 1.3838-24 (central pivot level + weekly long-term trend). The formation of the rebound will allow the decline to continue. The downward pivot points of the classic pivot levels can be noted at 1.3765 - 1.3727 - 1.3654.

The breakdown and consolidation above the range of 1.3838-24 will change the balance of power in favor of the bulls and opens the way to the resistances of the classic pivot levels, which are now seen at 1.3876 - 1.3949 - 1.3987.

***

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.