Economic calendar (Universal time)
Today’s economic calendar is full of significant events. At 9:30, we are expected statistics from the UK, led by the consumer price index. Further important news will follow from the USA – 13:30 (data on the consumer price index in the USA) – 16:00 (Fed chairman will speak). Therefore, after the lull of the last days, some revival and activity are possible in the market.
EUR / USD
The players on the decline left the correction zone again and updated the minimum. The situation in its conclusions and expectations, over the past day, has not changed significantly, only some levels of support and resistance have slightly changed the location. Today, The lower boundary of the daily cloud (1.0967) remains a downward benchmark. The attraction continues to exert 1.1030 (weekly Tenkan). Also today, the resistance zone has narrowed a bit and ranges from 1.1065-90 (daily Senkou Span B + daily Kijun + weekly Fibo Kijun + daily Tenkan).
The next decline ended with a correctional rise again. At the same time, on H1, the pair has already managed to gain a foothold above the central pivot level, which is currently at the border of the continuation of the downward trend (1.1017). Its breakdown today will continue the trend, returning relevance to the support of the classic pivot levels 1.0995 – 1.0981 – 1.0959. In the case of the development of the current upward correction, the next important upward reference is the weekly long-term trend (1.1056). Now, reliable consolidation of the above can affect the balance of power of the lower halves and will serve as the implementation of a full correction at higher time intervals.
GBP / USD
Yesterday’s movement has remained uncertain. A full rebound from the encountered resistance has not been formed, but it has not been possible to overcome the levels. It is possible that the players for the increase are gathering their strengths so that for the third time they will realize the breakdown of the significant resistance zone 1.2882 – 1.2959-63 – 1.3012 (daily Tenkan + monthly Fibo Kijun + weekly cloud + maximum extreme). Be that as it may, the short-term advantage (1.2870 day Tenkan) remains on the side of the bears so far. If they succeed in realizing a rebound, their interests will be directed to the further development of a downward correction. The reference points of which are the support zone 1.2700 – 1.2600 (daily Fibo Kijun and Kijun + monthly Tenkan + weekly Tenkan and Fibo Kijun).
The uncertainty of the last day on H1 led to the fact that the pair continues to remain in the zone of attraction of key levels – the central pivot level (1.2844) and the weekly long-term trend (1.2836). Thus, it is now important for promotion players not only to leave the correction zone (1.2897 maximum extremum), but also to cope with the subsequent resistance of the higher halves. In addition, the prospects for lowering players today are also associated with an extremum, only minimal (1.2768). As a result, closing Monday’s rising gap and securing it at a minimum will return to bearish plans.
Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)
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