EURUSD Daily Pivots R3 1.1952 R2 1.1898 R1 1.1869 Pivot 1.1815 S1 1.1786 S2 1.1732 S3 1.1703 EURUSD started to push higher after Friday’s NFP report. Having broken the minor falling trend line, we expect EURUSD to retrace towards the daily pivot level which also shows confluence with the break out price level near 1.1816 level. A successful test for support at this level will then pave way for clear gains back towards the pending unfilled gap near 1.20 level. USDJPY Daily Pivots R3 120.884 R2 120.378 R1 119.445 Pivot 118.939 S1 118.006 S2 117.5 S3 116.567 USDJPY looks to be currently consolidating between the short term support and resistance levels. A rally towards the resistance which shows confluence with the daily pivot levels could be seen. A test of resistance from 118.939 could potentially give way to test the support at 118 price zone for the moment. A break of the 118 price zone could see further declines in USDJPY with the likelihood to test 117.61 – 117.5 support regions. GBPUSD Daily Pivots R3 1.5297 R2 1.5235 R1 1.5199 Pivot 1.5137 S1 1.5102 S2 1.5041 S3 1.5005 GBPUSD is trading close to the main price channel’s lower support line, having broken out below this falling support level, price action points to a retest. A break out to the upside will put the Cable back into the price channel and could potentially seek gains towards the untested broken support at 1.5486 level for resistance. To the downside, unless we see a break down below the lows of 1.503, we can expect GBPUSD to consolidate for the short term. 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 Bearish EUR/USD; Bullish & Long USD/JPY – BofA Merrill Yohay Elam 7 years EURUSD Daily Pivots R3 1.1952 R2 1.1898 R1 1.1869 Pivot 1.1815 S1 1.1786 S2 1.1732 S3 1.1703 EURUSD started to push higher after Friday's NFP report. Having broken the minor falling trend line, we expect EURUSD to retrace towards the daily pivot level which also shows confluence with the break out price level near 1.1816 level. A successful test for support at this level will then pave way for clear gains back towards the pending unfilled gap near 1.20 level. USDJPY Daily Pivots R3 120.884 R2 120.378 R1 119.445 Pivot 118.939 S1 118.006 S2 117.5 S3 116.567 USDJPY looks… 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.
