EUR / USD
The EUR/USD pair has reached the goal as it broke the weekly cloud and attained the resistance level of the lower boundary in the monthly cloud of 1.1951. It was a fairly strong resistance and further development of the situation will be relative to the outcome of the interaction. Among the support level, the boundaries of the weekly goal were marked between 1.1791 and 1.1646 that combines the efforts with a day-cross and a week-long Tenkan.
The minor time frames are completely on the players' side looking for advancement. The goals of H1 and H4 have been worked out for a long time, therefore attention is now centered on the orientations of more major time frames. At the moment, the resistance of the monthly cloud is met (Senkou Span A 1,1951) and the result of the interaction is important. The most significant resistance in the lower channel is found within the zone of 1.1865 and 1.1850 (cross H4 + the final borders of the cross H1). The breakdown will change the balance of power and open the possibility to support the H4 cloud.
GBP / USD
Support for the weekly Fibo Kijun (1.2825) and the daytime cloud was attained. A breakout in the support region may lead to a continuation of the decline which will form a downward target for the breakdown of the cloud. If the pair can now return to the bullish zone relative to the daytime cloud, the players on the rise are likely to continue their recovery. The most important resistance, in this case, will be the daily Kijun (1.3020) and the weekly Tenkan (1.3020).
At the moment, there is a resistance found in the H4 cloud. The breakdown of the cloud forms a new upward target, while directed towards the achievement of the goal. it is necessary to note the resistance of the older periods between 1.2961 and 1.3020. Among the supports, the most important zone is within 1.2854-25. Surpassing the zone can even out the achievements of bulls and create conditions for the formation of a breakdown of a day cloud and weekly support at 1.2825.
Indicator parameters:
All time intervals 9 - 26 - 52
Color of the indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chikou is gray,
Clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
Color of additional lines:
Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
Horizontal levels (not Ichimoku) - brown,
Trend lines - purple.
Sincerely, the analyst of InstaForex company Nadezhda Zizhko