EURUSD Daily Pivots R3 1.2545 R2 1.2510 R1 1.2446 Pivot 1.2411 S1 1.2346 S2 1.2311 S3 1.2247 EURUSD invalidated the bullish flag set up yesterday and instead declined considerably. The pair is currently trading near the major support level of 1.23695. A bounce from here as seen previously could see the pair rally back, ideally to the trend line break out level near the daily pivot in the region of 1.2433 – 1.242 levels. Alternatively, a break of the support could see EURUSD target the next major support at 1.227. USDJPY Daily Pivots R3 120.652 R2 119.97 R1 119.591 Pivot 118.909 S1 118.53 S2 117.848 S3 117.469 USDJPY broke above the resistance to make a new yearly high at 119.437 but current price action looks to be easing. A corrective decline to the support level at 118.974 – 118.9 could set the stage for further significant gains in the USDJPY ahead of the nonfarm payrolls on Friday. GBPUSD Daily Pivots R3 1.5819 R2 1.578 R1 1.5708 Pivot 1.5669 S1 1.5598 S2 1.5559 S3 1.5487 GBPUSD is back in the range with two attempts to rally failed with the resistance trend line. The level of 1.56117 is key to watch as the support level has held in the past. A break of this support could see further declines in the cable with the next major support at 1.5486. 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 GBPJPY: Bullish, Faces Upside Risk FX Tech Strategy 7 years EURUSD Daily Pivots R3 1.2545 R2 1.2510 R1 1.2446 Pivot 1.2411 S1 1.2346 S2 1.2311 S3 1.2247 EURUSD invalidated the bullish flag set up yesterday and instead declined considerably. The pair is currently trading near the major support level of 1.23695. A bounce from here as seen previously could see the pair rally back, ideally to the trend line break out level near the daily pivot in the region of 1.2433 - 1.242 levels. Alternatively, a break of the support could see EURUSD target the next major support at 1.227. USDJPY Daily Pivots R3 120.652 R2 119.97 R1 119.591… 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.
