EURUSD Daily Pivots
| R3 | 1.2744 |
| R2 | 1.267 |
| R1 | 1.2706 |
| Pivot | 1.2659 |
| S1 | 1.2621 |
| S2 | 1.2574 |
| S3 | 1.2536 |
Friday’s NFP pushed the EURUSD to new lows with price closing below the 1.25 handle. Today’s price action has managed to push EURUSD back above the 1.25 level but the upside gains appear to be limited. After the bearish drop, we could expect to see a bit of consolidation taking place for any further new lows to be reached. Eurozone retail PMI and the Sentix investor confidence are the only two releases for the Eurozone today.
USDJPY Daily Pivots
| R3 | 110.128 |
| R2 | 190.624 |
| R1 | 109.02 |
| Pivot | 108.516 |
| S1 | 107.912 |
| S2 | 107.408 |
| S3 | 106.804 |
USDJPY rallied back to test the trend line for resistance and is now gradually looking to move lower. Technical support comes in at 109.242 for USDJPY to push higher. A failure to reverse near this support level could see the next support level of 108.935 being tested.
GBPUSD Daily Pivots
| R3 | 1.6363 |
| R2 | 1.6306 |
| R1 | 1.6225 |
| Pivot | 1.615 |
| S1 | 1.6088 |
| S2 | 1.6031 |
| S3 | 1.595 |
Having broken the main support of 1.607, GBPUSD looks increasingly bearish. In the intra-day we could see a rally to test this broken support for resistance for any further downside moves. The next support level comes in at 1.592. With GBPUSD trading well below the falling trend line, the outlook for this pair is to the downside.
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