EURUSD Daily Pivots
| R3 | 1.1519 |
| R2 | 1.1449 |
| R1 | 1.1323 |
| Pivot | 1.1252 |
| S1 | 1.1126 |
| S2 | 1.1056 |
| S3 | 1.1093 |
EURUSD eventually broke out from the lower bound of the range at 1.1277. We suspect a recovery rally is in place for a retest to this break out level after which we could see a test down to the next major support at 1.11412 levels.
USDJPY Daily Pivots
| R3 | 120.534 |
| R2 | 120.017 |
| R1 | 119.711 |
| Pivot | 119.194 |
| S1 | 118.888 |
| S2 | 118.371 |
| S3 | 118.065 |
USDJPY continues to trade within a range but looks slowly poised to test the downside to 118.414 levels. Price is trading within the larger price channel which indicates of upside moves in price. But a breakout from the price channel will shift focus to the main support level at 118.414, which if fails could see further declines down to 117.3 levels.
GBPUSD Daily Pivots
| R3 | 1.5665 |
| R2 | 1.5608 |
| R1 | 1.5506 |
| Pivot | 1.545 |
| S1 | 1.5348 |
| S2 | 1.5291 |
| S3 | 1.5190 |
GBPUSD has broken out from the rising price channel and looks to be currently retesting the break out level. Failure to break higher than the break out level at 1.5467 could see a decline down to the first support at 1.536 followed by the next support at 1.533. The price action is indecisive at the moment as price could head in either direction when price nears the support levels identified. However, for the moment it looks like the upside rally has been contained near the resistance at 1.553 and 1.55 levels.
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