EURUSD Daily Pivots R3 1.146 R2 1.1421 R1 1.1354 Pivot 1.1314 S1 1.1247 S2 1.1207 S3 1.1104 EURUSD closed lower yesterday after breaking out from the rising trend line. However, price action is currently aiming to reach for the daily pivot level. If price reverses from the pivot point, we could expect to see further declines in EURUSD. Alternatively, a break higher above the daily pivot level could possibly see the EURUSD back towards retracing its gains. USDJPY Daily Pivots R3 119.111 R2 118.683 R1 118.111 Pivot 117.683 S1 117.111 S2 116.684 S3 116.111 USDJPY has been ranging between 118 and 117.6 levels for the past couple of sessions. We however notice that the break out from this range is imminent. Immediate resistance containing break out to the upside comes in at 118.2 levels, after which, price could rally as much as 118.64 and eventually towards 118.9 levels. To the downside, a break of support near 117.646 – 117.5 will see a decline to 116.339 GBPUSD Daily Pivots R3 1.5283 R2 1.5251 R1 1.5195 Pivot 1.5163 S1 1.5107 S2 1.5075 S3 1.5018 GBPUSD, despite the weakness yesterday looks poised for upside gains. However, price needs to clear 1.515 level in order to aim for the next resistance level at 1.525 levels. For the moment, price is well supported by the rising trend line as well as horizontal support levels, with a possible dip towards 1.511 before rallying higher. 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 AUD/NZD: RBA Rate Cut Speculation Builds as RBNZ feeds Yohay Elam 8 years EURUSD Daily Pivots R3 1.146 R2 1.1421 R1 1.1354 Pivot 1.1314 S1 1.1247 S2 1.1207 S3 1.1104 EURUSD closed lower yesterday after breaking out from the rising trend line. However, price action is currently aiming to reach for the daily pivot level. If price reverses from the pivot point, we could expect to see further declines in EURUSD. Alternatively, a break higher above the daily pivot level could possibly see the EURUSD back towards retracing its gains. USDJPY Daily Pivots R3 119.111 R2 118.683 R1 118.111 Pivot 117.683 S1 117.111 S2 116.684 S3 116.111 USDJPY has been ranging between… 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.
