EUR / USD

The bears have broken through the support level of 1.1740, which has been holding back their plans for a long time, and are now using this chance to continue its decline. The levels passed earlier form a resistance zone for a retest or an upward correction - 1.1740 (monthly Senkou Span A) - 1.1773 (daily Tenkan) - 1.1826 (weekly Tenkan + daily Kijun). In the current situation, the support levels of 1.1567 (lower limit of the daily cloud) - 1.1521 (weekly Fibo Kijun) - 1.1486 (monthly Fibo Kijun) continues to be the downward pivot points.

A downward trend is currently developing and the bears on the smaller time frames are being supported by all analyzed technical tools. The pivot points for a decline within the day are the support levels located today at 1.1634 - 1.1608 - 1.1566. On the other hand, the first significant level for the correction on H1 is now at 1.1676 (the central pivot level), further opportunities for the development of an upward correction for the bulls are extensive. R1 (1.1702) and R2 (1.1744) can provide resistance, but the line that can affect the distribution of forces and make adjustments to the current balance of forces is located even higher than 1.1767-70 (weekly long-term trend + R3).

GBP / USD

The support level for the monthly Fibo Kijun (1.2711) contributed to the start of yesterday's slowdown. The attraction and counteraction to the further development of the decline is now being provided by the unification of levels 1.2711-77 (weekly Kijun + monthly Fibo Kijun + the lower limit of the daily cloud). As a result, this area may begin again to form not only a slowdown, but also another upward correction. If we break through this support level, it will open the way to the final level, that is, the weekly cross (1.2612), thereby raising the question of eliminating the golden weekly cross of Ichimoku.

Due to yesterday's slowdown, the pair in the smaller time frames still remains in the correctional zone. The classic pivot levels form supports, which will serve as guidelines within the day if the decline continues (1.2671 - 1.2621 - 1.2569). Today, the important stages for the development of an upward correction are the levels 1.2723 (central pivot level of the day) and 1.2829 (weekly long-term trend), while the nearest resistance can be noted at 1.2773 (R1).

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