EURUSD Daily Pivots R3 1.2865 R2 1.2816 R1 1.2737 Pivot 1.2688 S1 1.2608 S2 1.2559 S3 1.2479 The EURUSD’s choppy price action seems to be slowly clearing up for possible declines, especially when viewed in comparison to the US Dollar Index analysis. With the Greenback, technically still strong, we expect EURUSD to push higher to the main support/resistance level which shows confluence with today’s pivot level at 1.2683 ahead of further declines. The immediate downside support could be offered at 1.2588. USDJPY Daily Pivots R3 107.987 R2 107.649 R1 107.35 Pivot 107.012 S1 106.713 S2 106.375 S3 106.076 USDJPY managed to slow down in its decline after breaking out of the down sloping trend line. A key note of interest here is the weekend gap that is still yet to be filled at the region of 107.74. The descending triangle’s target is yet to be reached at 106.43. A break above the resistance at 107.356 could likely target the unfilled gap with a bigger resistance at 108.103. GBPUSD Daily Pivots R3 1.6235 R2 1.6166 R1 1.6034 Pivot 1.5966 S1 1.5834 S2 1.5765 S3 1.5634 GBPUSD buckled to decline to the long term support level of 1.59208. An interesting point of note here is some unfilled gaps at 1.5872 and 1.5487, which now seem to be achievable in case of further declines in GBPUSD. With price now trading below the trend line, it could likely come in as resistance, paving way for targeting the first unfilled gap at 1.5872. 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 2 Reasons To Stay Long Sterling – Deutsche Bank Yohay Elam 8 years EURUSD Daily Pivots R3 1.2865 R2 1.2816 R1 1.2737 Pivot 1.2688 S1 1.2608 S2 1.2559 S3 1.2479 The EURUSD's choppy price action seems to be slowly clearing up for possible declines, especially when viewed in comparison to the US Dollar Index analysis. With the Greenback, technically still strong, we expect EURUSD to push higher to the main support/resistance level which shows confluence with today's pivot level at 1.2683 ahead of further declines. The immediate downside support could be offered at 1.2588. USDJPY Daily Pivots R3 107.987 R2 107.649 R1 107.35 Pivot 107.012 S1 106.713 S2 106.375 S3 106.076 USDJPY… 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.
