Eur/Usd & Gbp/Usd H4 Forecast

H4 graph(EUR/USD)

The pair is going for a minor correction,
while forming the right shoulder of a "head and shoulders"
trend-turning figure. The peak point is supposed to be at level 1.4070
or at current level 1.4040. From one of those levels the pair is supposed
to go down to a level of intermediate support 1.3800,
and then to fall further below 1.3800, in such case the pair will get to support 1.3550.
That's why now is the most favorable time for selling the apir with the target set to 1.3550
If the market manages to drop below 1.3550,
then support 1.3350 is supposed to be reached. The daily graph picture also speaks in favor of lowering exactly to this level.

In case of upwards motion, we can't say that current downtrend
is changed to uptrend until the pair rises above level 1.4150.
If so, it will reach resistance 1.4400.

H4 graph(GBP/USD)

The pair went under very important support level 1.6060
Now the way is clear for descending to the target – support level 1.5630

Current resistances are at levels 1.6060, 1.6130,
and a key one is at 1.6250. If the pair rises above the level 1.6250,
it will be the evidence of changing the downtrend to uptrend,
and so level 1.6430 will become the first resistance on the pair’s way up.

But for the time being, everything speaks in favor of
the pair’s dropping to support level 1.5630.
So, at the moment we should expect this to happen.
There’s little chance of rising above the resistance 1.6130.