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EURUSD Daily Pivots

R3 1.260
R2 1.2548
R1 1.2542
Pivot 1.2441
S1 1.2397
S2 1.2339
S3 1.2296

 

EURUSD could potentially aim for more upside after having successfully tested the major support/resistance level for support this time around. However, upside gains can be confirmed only when we see a break above the short term highs made near 1.248 levels, which could then target 1.25 region.

USDJPY Daily Pivots

R3 120.363
R2 119.785
R1 119.211
Pivot 118.633
S1 118.059
S2 117.481
S3 116.907

EURUSD H1 Technical analysis pivot points December 15 2014 currency trading forex

USDJPY looks to be testing the major price level at 118.974 region for resistance, which if it holds could spell further declines with the most immediate support levels coming in at 117.9 followed by 117.572. Only a break of these two support levels will see a deeper decline towards 116.782 levels. To the upside, a break above 118.97 could see a rally towards 119.66.

GBPUSD Daily Pivots

R3 1.5794
R2 1.5770
R1 1.5743
Pivot 1.5719
S1 1.5692
S2 1.5668
S3 1.5641

USDJPY H1 Technical analysis pivot points December 15 2014 currency trading forex

GBPUSD could potentially aim for more gains but needs to clear the 1.5723 price level, which could then target the previous resistance at 1.5814 price zone as the pair is starting to gradually break out from the falling price channel. If we see a close back into the price channel, GBPUSD could possibly look for more losses in the short term and could end up back in the trading range.

GBPUSD H4 Technical analysis pivot points December 15 2014 currency trading forex

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