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 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 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 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. 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 Glory Days for USD: Strength Set To Extend – Goldman Yohay Elam 7 years 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 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… 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.
