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EUR / USD
Another week is coming to an end. The struggle continues, and neither side has yet to reach a clear result. The supports 1.1813 - 1.1740 - 1.1695 (weekly target + monthly Senkou Span A + day's cross) are still relevant, as they defend the interests of players for an increase. On the other hand, bullish players cannot leave the influence zone and attraction of supports. As a result, it is working in the correction zone and can not yet restore the upward trend (1.1966). Despite the lack of development of a downward correction, the conditions for its development remain.
The key levels of the lower halves are now joining forces at 1.1828-15 (center pivot level + weekly long-term trend). They have been practically in a horizontal position recently, which indicates the uncertainty and instability of the situation. Euro operates in the zone of attraction and influence of these levels. At the moment, there is a bullish advantage, and the upward pivot points, in the form of resistances of the classic pivot levels, are located today at 1.1895 - 1.1968 - 1.2035. A consolidation below (1.1828-15) will change the current state of affairs in favor of the bears. Today, their intraday pivot points are located at 1.1755 (S1) - 1.1688 (S2) - 1.1615 (S3).
GBP / USD
The bulls are still trying to restore the upward trend, but they were only able to renew the maximum extremum (1.3266) yesterday. To restore the trend and the emergence of new prospects, a reliable consolidation above is needed. The role of support and center of gravity in the current conditions continues to play 1.32 - 1.3169 (historical level + daily Tenkan). We are closing the week today, followed by the closing of the month; thus, the result is important. It is possible that bulls are interested in closing the current week and month with a minimal upper shadow. In case of failure, the opponents who are trying to act very actively, will take advantage of the situation.
On lower time frames, the players to rise are taking the initiative. An upward trend is developing. Moreover, the resistances of the classic pivot levels, which serve as the main upward reference points within the day, are located today at 1.3267 - 1.3338 - 1.3391. In case of a correctional decline, the key support will meet the pair at 1.3214 (central pivot level) and 1.3146 (weekly long-term trend). A consolidation below will change the current power balance and will not allow the current week to close above 1.32, which is quite important for the result of the higher halves.
Ichimoku Kinko Hyo (9.26.52), Pivot Points (Classic), Moving Average (120)
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