EURUSD Daily Pivots R3 1.2455 R2 1.2422 R1 1.2366 Pivot 1.2332 S1 1.2276 S2 1.2243 S3 1.2187 EURUSD broke down from the trend line and comfortably passed through the major support at 1.22695. The next support comes in at 1.22717 followed by the major multi-year support level at 1.20626. Price is currently heading in a steep and narrow price channel predictive of a potential sharp decline. However, the broken support levels at 1.24335 – 1.242 and 1.23695 are yet to be tested for resistance. USDJPY Daily Pivots R3 120.79 R2 120.32 R1 120.060 Pivot 119.59 S1 119.33 S2 118.86 S3 118.6 USDJPY is flirting with major yearly highs, riding on the Greenback’s strength and the structural weakness in the Yen. In the sharp rally, USDJPY has some untested broken resistance levels due to be tested for support at 118.974. A break down from the support trend line and a potential resistance near the top could see possible declines to test 118.974. GBPUSD Daily Pivots R3 1.583 R2 1.5774 R1 1.573 Pivot 1.5674 S1 1.563 S2 1.5574 S3 1.553 GBPUSD continued to trade within its range, seen for the past few days. However, the price action here is starting to show a possible break out to the upside after the pair stood resilient against further declines. A break above the falling price channel’s upper trend line will see the possibility to test previous resistance at 1.58144. A break of the pink rising price channel could however set the stage for more declines in GBPUSD. 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 and GBP/USD both look bearish: Elliott Wave Analysis Gregor Horvat 7 years EURUSD Daily Pivots R3 1.2455 R2 1.2422 R1 1.2366 Pivot 1.2332 S1 1.2276 S2 1.2243 S3 1.2187 EURUSD broke down from the trend line and comfortably passed through the major support at 1.22695. The next support comes in at 1.22717 followed by the major multi-year support level at 1.20626. Price is currently heading in a steep and narrow price channel predictive of a potential sharp decline. However, the broken support levels at 1.24335 - 1.242 and 1.23695 are yet to be tested for resistance. USDJPY Daily Pivots R3 120.79 R2 120.32 R1 120.060 Pivot 119.59 S1 119.33 S2 118.86… Top 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.
