EURUSD Daily Pivots
| R3 | 1.1519 |
| R2 | 1.1407 |
| R1 | 1.1322 |
| Pivot | 1.121 |
| S1 | 1.1125 |
| S2 | 1.1013 |
| S3 | 1.0928 |
EURUSD managed to close higher yesterday from the lows of 1.109. However today needs to follow through higher in order to continue/confirm the move to the upside. Immediate resistance comes in at 1.154 and as long as yesterday’s low is not breached and EURUSD stays above the daily pivot level of 1.121, we could potentially expect further upside gains.
USDJPY Daily Pivots
| R3 | 120.111 |
| R2 | 119.305 |
| R1 | 118.882 |
| Pivot | 118.059 |
| S1 | 117.653 |
| S2 | 116.847 |
| S3 | 116.424 |
USDJPY saw a sharp reversal from 118.64 price level and is currently pushing lower. If the daily pivot level and the support/resistance zone near 118.2 – 118 holds, we could expect to see USDJPY rally higher towards 118.97 levels to test the upper support/resistance level before resuming its decline lower.
A break below the daily pivot level and the support zone near 118.06 could see USDJPY decline further to test the next support at 117.646.
GBPUSD Daily Pivots
| R3 | 1.5242 |
| R2 | 1.5172 |
| R1 | 1.5126 |
| Pivot | 1.5057 |
| S1 | 1.5011 |
| S2 | 1.4942 |
| S3 | 1.4895 |
GBPUSD managed to break above the support level but looks imminent to decline lower today to test the pivot level which shows confluence with the support/resistance level at 1.505. A successful test of this zone could see GBPUSD rally to test the next resistance at 1.5112 followed by a test to 1.515.
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