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EURUSD Daily Pivots

R3 1.2591
R2 1.2538
R1 1.2506
Pivot 1.2453
S1 1.242
S2 1.2367
S3 1.2335

 EURUSD November 26 2014 technical analysis pivot points for currency trading online

EURUSD continued its gains for the second day of the week, rising above the 1.245 handle. Price action looks close to testing the main support/resistance level at 1.252 handle which will offer more clues into the direction for EURUSD, with a break of the resistance paving way for the Euro to retrace most of its losses while a successful test of resistance could pave way for a test back to the lower support at 1.236

USDJPY Daily Pivots

R3 119.359
R2 118.968
R1 118.472
Pivot 118.081
S1 117.585
S2 117.194
S3 116.698

USDJPY November 26 2014 technical analysis pivot points for currency trading online

The price action in USDJPY is indicative that a rally is unlikely and a potential test back to the main support at 117.572 is likely on the cards with the down sloping price channel providing the short term support and resistance. From the weekly charts, we can notice that the USDJPY has been enjoying its rally for the past 4 weeks, so potentially this week could see the pair pause its rally before the uptrend resumes.

GBPUSD Daily Pivots

R3 1.5832
R2 1.5784
R1 1.5745
Pivot 1.5696
S1 1.5658
S2 1.5609
S3 1.5571

GBPUSD November 26 2014 technical analysis pivot points for currency trading online

GBPUSD could possibly be looking for direction today, as the pair dips lower to test the daily pivot level for support. If the support at 1.57 – 1.569 holds, the Cable could possibly look towards a rally to test the main resistance at 1.57625 handle. Alternatively, a break of support near the daily pivot could see the GBPUSD decline lower to the established support at 1.559.