I believe the resolutions will be: 1336x752 for 4.7" and 1468x828 for the 5.5". This is my 'proof':
Firstly the 'rules' (ie. key assumptions) are:
1-If you are using 2x mode, the dpi must be >300, otherwise the display becomes non-retina and you can see the pixels.
2-If you are using 2x mode, the dpi must be <= 326, otherwise the physical size of the GUI elements shrinks.
3-If you are using 3x mode, the dpi must be <= 489, for the same reason above.
4-If you are using 3x mode, then the pixel count (for width and height) must have increased by at least 50%, otherwise the display will show less content.
5-Given the option, apple will chose the lowest DPI that meets 1 to 4 to reduce cost, the one exception being to favor 326dpi as a standard if possible.
For the 4.7" display:
Based on rule 4, the minimum DPI is 300 in 2x mode, or 416 in 3x mode. In 3x mode 416DPI would be needed just to display the same content as the 5s currently does, and probably 500dpi or more to display a decent amount of extra content - which pretty much rules 3x mode out. Given rule 5 - we can assume apple will attempt to go as close to 300 as possible - probably sticking to 326dpi, thus making the display 1336x752.
Now onto the 5.5" display:
The 5.5" can run in either 2x or 3x mode, and fits the DPI requirements of both. To meet rules 1 and 5 the resolution must be between 1436x810 and 1562x880. It just so happens that the icode leak of 734x414 points meets this definition in 2x mode. Therefore the most likly resolution is 1468x828, with a DPI of 306.
Q.E.D. Flame shield attached.
The only exception I can think of is for the 5.5" in that 306DPI could be not acceptable because it will be 'lower' density than past phones and therefore get mocking by Andriods/Samsung. So if you assume the 5.5" has to be 3x mode, then its minimum resolution becomes 50% bigger the 4.7" (so it can at least show the same content). So the 5.5" in 3x mode has a range of: 2004x1128 to 2343x1320. If the 734x414 leak is to be believed, then the resolution is 2202x1242. Personally I don't think 3x is likly because of the $$$ wasted and apples general mantra that they don't do things for specs alone (I doubt the average iConsumer can tell the difference between 300 and 326dpi and not at all for >326dpi).