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EURUSD Daily Pivots

R3 1.2744
R2 1.267
R1 1.2706
Pivot 1.2659
S1 1.2621
S2 1.2574
S3 1.2536

 EURUSD Pivot Points Technical analysis outlook October 6 2014

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 Pivot Points Technical analysis outlook October 6 2014

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

GBPUSD Pivot Points Technical analysis outlook October 6 2014

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.