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EURUSD Daily Pivots

R3 1.1609
R2 1.1491
R1 1.135
Pivot 1.1232
S1 1.1090
S2 1.0972
S3 1.0831

 EURUSD H1 January 26 2015 technical analysis pivot points currency charts for trading

EURUSD dipped lower below 1.14 as noted in Friday’s analysis. With the weekend Gap now being filled, EURUSD could continue to dip further with the falling trend line likely to come in as the only support level. Alternatively, a push above the daily pivot level is likely to see the EURUSD rally towards the broken support to establish resistance near the price level of 1.1491.

USDJPY Daily Pivots

R3 119.823
R2 119.318
R1 118.564
Pivot 118.059
S1 117.305
S2 116.8
S3 116.046

USDJPY H1 January 26 2015 technical analysis pivot points currency charts for trading

USDJPY looks poised for a small rally higher to test the support/resistance at 118.06. A break above this level could see a further test towards 118.87 which would then potentially pave way for further declines or a continuation of the rally above 119 levels, should resistance above 118.9 levels give way.

GBPUSD Daily Pivots

R3 1.5118
R2 1.5076
R1 1.5034
Pivot 1.4993
S1 1.4950
S2 1.4909
S3 1.4866

GBPUSD H1 January 26 2015 technical analysis pivot points currency charts for trading

GBPUSD is looking to make another attempt to break the previous resistance at 1.503 to establish support. However, should resistance continue to hold, we could expect further declines if the current lows near 1.495 is broken. Alternatively, a break above could see a quick test to 1.5112 levels.