EUR/USD

The pair slowed down after encountering the historical resistance level of 1.2150. Today, the week and month will be closed, so the final result will most likely be interesting. If the above-mentioned level is broken, this will allow us to hope for the continuation of the upward movement. In this case, it will be possible to indicate testing the maximum extremes (1.2243 – 1.2349) and fulfilling the target of breaking the daily cloud. Today's nearest supports form an important bullish interest zone at 1.2072-64 (daily Tenkan + weekly Fibo Kijun).

The development of a downward correction in the smaller time frames has already led to the fact that the bears caught the central pivot level (1.2124). After that, their interests are aimed at supporting the weekly long-term trend (1.2094). This level has repeatedly been a limitation of the corrective decline and has maintained the main bullish advantage, so the result of the interaction will be important in the near future. If the level of 1.2094 is broken, it will be possible to consider the support of the classic pivot levels of 1.2076 and 1.2050. But if it manages to stop the downward correction again, then the resistance of 1.2146 (R1) - 1.2172 (R2) - 1.2194 (R3) will be important for the bulls.

GBP/USD

Bullish traders took a pause. This week, they have not yet managed to reach the resistance of the upper border of the monthly cloud (1.4002). This level is the most important in this area, especially since we close the month of April today. At the moment, several support levels, which can be divided into two nearest zones 1.3916 - 1.3880 (daily Tenkan + daily cloud) and 1.3842 - 1.3798 (weekly Tenkan + final levels of the Ichimoku daily cross), block the way to resume the bearish mood.

The development of the downward correction led the bearish traders to test the key levels in the smaller period, which is led by the weekly long-term trend set at 1.3907 today. A breakdown and consolidation below which will change the current balance of power. The final support for the classic pivot levels can be noted at 1.3876 (S3).

On the other hand, the formation of a rebound and a return to the bullish side of the central pivot level (1.3948) will allow us to consider the upward pivots again. Today, the resistances of the classic pivot levels can be found at 1.3964 - 1.3992 - 1.4008.

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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.