EURUSD Daily Pivots R3 1.191 R2 1.1781 R1 1.1573 Pivot 1.1444 S1 1.1235 S2 1.1107 S3 1.0898 EURUSD broke down from its short term support level at 1.149 and continues to decline missing the daily pivot level as well. There is quite a bit of room to the downside, before price heads closer to the falling trend line for support, which currently shows confluence with one of the support levels near 1.11. A retracement however could be possible, either to the daily pivot or even back towards the 1.149 levels. USDJPY Daily Pivots R3 120.42 R2 119.544 R1 119.018 Pivot 118.142 S1 117.616 S2 116.740 S3 116.214 USDJPY looks to continue its rally to test the major resistance level at 118.87 or even further to 119. A successful test of resistance here could pave way for declines with the first support coming in at 118.2. There is also the likelihood of price validating a longer term inverted head and shoulders pattern, which could see the USDJPY rally as much as towards 127 levels. GBPUSD Daily Pivots R3 1.5396 R2 1.5303 R1 1.5157 Pivot 1.5065 S1 1.5088 S2 1.4918 S3 1.4826 The break of 1.515 indicates a continuation of the bearish momentum, with price also now having broken the lower support line of the falling price channel. The next likely targets for GBPUSD will potentially come down to 1.4922 levels, which marks a major support level, last seen in 2013. 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 Daily Look share Read Next GBPCHF Forming A Breakout Pattern Guest 8 years EURUSD Daily Pivots R3 1.191 R2 1.1781 R1 1.1573 Pivot 1.1444 S1 1.1235 S2 1.1107 S3 1.0898 EURUSD broke down from its short term support level at 1.149 and continues to decline missing the daily pivot level as well. There is quite a bit of room to the downside, before price heads closer to the falling trend line for support, which currently shows confluence with one of the support levels near 1.11. A retracement however could be possible, either to the daily pivot or even back towards the 1.149 levels. USDJPY Daily Pivots R3 120.42 R2 119.544 R1 119.018… 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.
