EURUSD Daily Pivots
| R3 | 1.2483 |
| R2 | 1.2379 |
| R1 | 1.2361 |
| Pivot | 1.2316 |
| S1 | 1.224 |
| S2 | 1.2194 |
| S3 | 1.2118 |
EURUSD continues to consolidate just above the major support line. Today’s price action could possibly see a rally to the daily pivot level before pushing lower. Price is most likely to continue to consolidate either for a break of the support line at 1.2271 level for deeper decline or a possible rally back to the broken minor support at 1.23695.
USDJPY Daily Pivots
| R3 | 124.142 |
| R2 | 122.915 |
| R1 | 122.162 |
| Pivot | 120.935 |
| S1 | 120.182 |
| S2 | 118.955 |
| S3 | 118.202 |
Weaker fundamentals from Japan continue to put upside pressure on USDJPY with the pair opening with a small up gap that was duly filled. A decline to the daily pivot at 120.935 cannot be ruled out with a test of the second trend line. To the upside, major resistance at 123.8 level lies ahead.
GBPUSD Daily Pivots
| R3 | 1.5783 |
| R2 | 1.5739 |
| R1 | 1.5658 |
| Pivot | 1.5614 |
| S1 | 1.5535 |
| S2 | 1.5488 |
| S3 | 1.5407 |
With the break of the lower end of the horizontal price channel and the minor rising trend line, GBPUSD could possibly see a modest rally towards 1.56117 levels before declining towards the major support level at 1.5486 levels.
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