EURUSD Daily Pivots R3 1.2593 R2 1.2553 R1 1.2517 Pivot 1.2477 S1 1.2441 S2 1.2401 S3 1.2365 EURUSD has managed to ease off from the lows at 1.2466 regions and has been pushing higher. However, these minor gains are likely to be capped near the major support turned resistance level between 1.255 and 1.252 levels. We also notice that the pair has made a small bearish continuation flag pattern, hinting to more declines. A break and possibly a retest of the flag pattern is essential to set the bias. However we notice the support region at 1.24665 which could possibly hold any further declines. The range created between 1.255 and 1.24655 is likely to play out until the ECB’s meeting later this week. USDJPY Daily Pivots R3 116.275 R2 115.242 R1 114.631 Pivot 113.6 S1 112.986 S2 111.955 S3 111.342 USDJPY made a yearly intra-day high yesterday but quickly eased below. On the H1 charts currently shows the pair forming a minor consolidation pattern in what seems like a descending triangle. If this is validated, we could expect to see an intra-day decline towards 113 and a break below this level could see USDJPY drop lower to 112.3 near the opening gap from the weekend. GBPUSD Daily Pivots R3 1.6119 R2 1.6072 R1 1.6021 Pivot 1.5974 S1 1.5924 S2 1.5876 S3 1.5826 GBPUSD has managed to hold its ground despite the onslaught from the US Federal Reserve. However, it is too early to confirm the bias. A major test today will be the break of the technical support being tested for resistance which shows confluence with today’s R1 level of 1.6027. The H4 charts shows an outside bar formed with the next candle closing higher, which puts the bias to the upside. 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 US and Canadian trade numbers favorable for the loonie – Yohay Elam 9 years EURUSD Daily Pivots R3 1.2593 R2 1.2553 R1 1.2517 Pivot 1.2477 S1 1.2441 S2 1.2401 S3 1.2365 EURUSD has managed to ease off from the lows at 1.2466 regions and has been pushing higher. However, these minor gains are likely to be capped near the major support turned resistance level between 1.255 and 1.252 levels. We also notice that the pair has made a small bearish continuation flag pattern, hinting to more declines. A break and possibly a retest of the flag pattern is essential to set the bias. However we notice the support region at 1.24665 which could… 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.
