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Technical analysis recommendations for EUR / USD and GBP / USD on December 13
Economic calendar (Universal time)
The pound's expectations came true. Boris Johnson and his government received an instruction to implement Brexit. The market quickly hit this news, and the bulls managed to fly to new heights. Meanwhile, in today's economic calendar, important statistics are not dominant again. We can only note data on retail sales in the USA (13:30).
EUR / USD
Yesterday, the players on the upside were not able to break through the important levels at 1.1145 (weekly Kijun + monthly Tenkan), but today, this did not prevent them from leaving these levels behind and into the tight approach to the next resistance zone. The resistance zone encountered is quite wide and concentrates many significant targets. To pass it, players on the upside will first have to eliminate the weekly dead cross (1.1208 Fibo Kijun), then work out the daily target for the breakdown of the cloud (1.1234-73) and meet the lower boundaries of the clouds 1.1253 ( monthly cloud) and 1.1283 (weekly cloud). The role of immediate support in this situation belongs to 1.1145 (weekly Kijun + monthly Tenkan) and 1.1080 (weekly levels + daily Kijun + upper boundary of the daily cloud).
In the lower halves, the pair has already completed the rise to the zone of influence of the final resistance of the classic pivot levels (1.1207) today. I think that no significant new results are expected in the course of the day. Most likely, the day and closing of the week will take place at approximately the designated boundaries. At the moment, key support on H1 is located at 1.1130 (central pivot level) and 1.1096 (weekly long-term trend).
GBP / USD
Yesterday, players on the upside still allowed the opponent to perform a full correction to the daily short-term trend (1.3062), but this was limited and used support for a new take-off. As a result, two monthly levels were tested today - 1.3350 (the lower boundary of the monthly cloud) and 1.3452 (the final boundary of the monthly dead cross). Breaking through these levels will open the way to the fulfillment of the goal for the breakdown of the weekly cloud (1.3675 - 1.3866).
Today's performance has already broken many records, so closing the current day and week is unlikely to bring new shocks. Now, support can have more value. Today, key levels on H1 are located in the region of 1.3150-84 (weekly long-term trend + central pivot level), while intermediate levels can be noted at 1.3431 (R3) - 1.3329 (R2) - 1.3225 (R1).
Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)
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