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EURUSD Daily Pivots

R3 1.2657
R2 1.2586
R1 1.2463
Pivot 1.2391
S1 1.2269
S2 1.2196
S3 1.2074

 EURUSD H4 December 18 2014 pivot points technical analysis for currency trading forex

EURUSD failed to break above the resistance of 1.257 levels and promptly shifted lower and is currently supported by the falling trend line. If this level holds, we could see a move higher, preferably above 1.23695 which could potentially put the EURUSD onto further gains. To the downside, a break of the trend line will see EURUSD struggle to break below the previous strong support at 1.2271 region.

USDJPY Daily Pivots

R3 122.201
R2 120.553
R1 119.599
Pivot 117.951
S1 116.997
S2 115.349
S3 114.394

USDJPY H1 December 18 2014 pivot points technical analysis for currency trading forex

USDJPY broke out of the price channel only to hit resistance near 118.8 and 118.9 levels. We could expect to see an intraday decline towards the daily pivot and possibly a shift lower to the previous support at 117.614. If this level holds, USDJPY could possibly attempt another rally to break the previous resistance of 118.8/.9 followed by 119.66 levels.

GBPUSD Daily Pivots

R3 1.5914
R2 1.5834
R1 1.5704
Pivot 1.5622
S1 1.5492
S2 1.5411
S3 1.5281

GBPUSD H4 December 18 2014 pivot points technical analysis for currency trading forex

GBPUSD broke down from the ranging price zone yesterday. A potential retest to the lower end of the range at 1.561 levels could set the stage for a decline to 1.5486 levels, which could make new fresh yearly lows in the Cable. A push above the lower price range could alternatively pave way for continuation of the ranging price action.