EURUSD Daily Pivots
| R3 | 1.1348 |
| R2 | 1.1315 |
| R1 | 1.1275 |
| Pivot | 1.1242 |
| S1 | 1.1203 |
| S2 | 1.1170 |
| S3 | 1.1131 |
EURUSD (1.125): EURUSD remains trading below 1.1254 level of resistance with the strong consolidation below this level forming into a potential bull flag pattern. If successful, EURUSD could potentially rally towards 1.1348 resistance. Prices will need to clear the current resistance of 1.1254 and possibly establish support of this level ahead of a further rally. There is also the main resistance level between 1.1315 through 1.13 region which will also have to clear in order to pave way for further gains ahead. The daily charts remain inconclusive at this point after the bullish engulfing candle pattern that was formed two days ago. Only a daily close above 1.12845 will confirm a move to the upside targeting 1.13 and 1.1315.
USDJPY Daily Pivots
| R3 | 120.946 |
| R2 | 120.651 |
| R1 | 120.332 |
| Pivot | 120.037 |
| S1 | 119.718 |
| S2 | 119.424 |
| S3 | 119.104 |
USDJPY (119.8): After failing to rally above 120.27, USDJPY has eventually been trending lower. Support at 119.25 remains a possibility with the main support zone from 119.25 through 119.145 being the likely short term downside target. Prices could remain range bound in USDJPY from this support level with another potential move to the upside. On the daily chart, the consolidation remains sideways with no clear bias being established just as yet.
GBPUSD Daily Pivots
| R3 | 1.5481 |
| R2 | 1.5410 |
| R1 | 1.5364 |
| Pivot | 1.5293 |
| S1 | 1.5247 |
| S2 | 1.5175 |
| S3 | 1.5129 |
Share
