EUR/USD

Higher timeframes

Yesterday did not bring changes in the balance of power. Today we are witnessing a fairly large-scale activity of bears—they have updated the local low 1.0349–39, which have served as bearish reference points over the past two months. If the bears manage now not only to mark a new low, but also to hold their positions, then new prospects can be considered. Further attention of bears could be directed to the significant psychological level of 1.0000.

H4 – H1

At the moment, the advantage in the current situation is on the side of the bears. Sellers today exceeded the expectations formed on the lower timeframes in the form of classic pivot points. The passed levels now, in case of the recovery of bullish positions, can serve as resistance 1.0359 – 1.0388 – 1.0405 – 1.0434–55.

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GBP/USD

Higher timeframes

The situation did not change significantly yesterday. The role of the resistance in this area was confirmed yesterday and maintained by the daily short-term trend (1.2153). Today, bears are trying to be active and achieve results. Their task now is to overcome the immediate supports, which are the psychological level of 1.2000 and the local low of 1.1933. Reliable consolidation below will allow us to consider new prospects.

H4 – H1

The key level of lower timeframes (weekly long-term trend) did not allow to change the current balance of power yesterday. The advantage remained on the side of the bears. Today, the area 1.2117–29 (central pivot point of the Day + weekly long-term trend) is responsible for maintaining bearish advantages. The reference points for strengthening bearish sentiments within the day are the classic pivot points. By now, the first two supports have already passed the bears, ahead of S3 (1.1989). Further attention will be directed to the support of the higher timeframes at 1.1933.

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

higher timeframes – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

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