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EUR / USD and GBP / USD January 21 – technical analysis recommendations

DATE OF PUBLICATION: 2021-01-21 19:38:50 EUR / USD Yesterday did not bring a decisive result. Uncertainty prevails in the market at the moment. The pair is now working between two fortified zones – resistance zone 1.2140 (daily Tenkan) – 1.2170 (historical level) – 1.2202 (daily Kijun) – 1.2236 (daily Fibo Kijun) and support zone 1.2075-65 -35 (weekly Tenkan + weekly Fibo Kijun + upper border of the daily cloud). Reliable overcoming of these zones and confident consolidation above (below) can lead to a change in the general situation and the emergence of new prospects. The uncertainty of the older halves led to the fact that the key H1 levels combined their efforts (1.2113 central Pivot level + weekly long-term trend). The work in the zone of attraction of these levels will remain uncertain and will continue to consolidate in the older time intervals. Upward guidance within the day today are 1.2150 (R1) – 1.2194 (R2) – 1.2231 (R3). The supports of the classic Pivot levels are located at 1.2069 – 1.2032 – 1.1988. GBP / USD Yesterday, the pair renewed the maximum of the current correction, indicating a new extreme (1.3718), but it did not work to consolidate and continue the rise. The next resistance and reference point in case of new upward movement of the players may be the first target of the upward target for the breakdown of the weekly cloud (1.3904). Today supports can be noted at 1.3584 (daily Tenkan) – 1.3515 (daily Fibo Kijun) – 1.3453 (daily Kijun) – 1.3422 (weekly Tenkan). In the lower halves, the bulls continue to maintain the advantage. At the moment, the first resistance of the classic Pivot levels (1.3705) is being tested, then the upward targets within the day are 1.3760 (R2) and 1.3801 (R3). In case of a breakdown of the key H1 levels, which today are located at 1.3664 (central Pivot level) and 1.3628 (weekly long-term trend), the current balance of power will change and attention will shift to the supports of the classic Pivot levels (1.3609 – 1.3568 – 1.3513) Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Avarage (120) Material provided by InstaForex – Source – InstaForex

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