EURUSD Daily Pivots R3 1.2846 R2 1.2808 R1 1.2771 Pivot 1.2727 S1 1.269 S2 1.2647 S3 1.261 EURUSD is currently consolidating pointing to an upside breakout. The rally to the upside is likely to hit resistance near the rising trend line and back towards the previously established resistance level of 1.2828 regions. We can see that EURUSD on the hourly charts has been consistently making higher highs and higher lows which adds validity to the upside bias. USDJPY Daily Pivots R3 108.821 R2 108.503 R1 108.33 Pivot 107.981 S1 107.839 S2 107.521 S3 107.282 After finding support near 107.75, USDJPY continues to look bullish. The inverted head and shoulders pattern gives an upside target to 108.935. Within the scope of the uptrend price channel, we can see that there is a lot of room for USDJPY to achieve this price objective. A break to the downside will see the price channel’s lower support line come in to hold price, failing which we could see steep declines to the downside towards 107.356. GBPUSD Daily Pivots R3 1.6266 R2 1.6221 R1 1.6178 Pivot 1.6128 S1 1.6084 S2 1.6034 S3 1.5984 GBPUSD, after forming the bullish flag retraced its gains to start a rally again. However, the upside movements seem a bit limited with key resistance sitting at 1.617 and 1.618. A break of this level should see GBPUSD head towards the eventual resistance level at 1.627 and 1.629, which will be hard to break unless the previous resistance turns out to support prices. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Forex News Today: Daily Trading News share Read Next EUR/USD: Is a Dovish FOMC Already Priced In? – BTMU Yohay Elam 9 years EURUSD Daily Pivots R3 1.2846 R2 1.2808 R1 1.2771 Pivot 1.2727 S1 1.269 S2 1.2647 S3 1.261 EURUSD is currently consolidating pointing to an upside breakout. The rally to the upside is likely to hit resistance near the rising trend line and back towards the previously established resistance level of 1.2828 regions. We can see that EURUSD on the hourly charts has been consistently making higher highs and higher lows which adds validity to the upside bias. USDJPY Daily Pivots R3 108.821 R2 108.503 R1 108.33 Pivot 107.981 S1 107.839 S2 107.521 S3 107.282 After finding support near 107.75,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
