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. 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 1.22 could provide support in EUR/USD; 1.5580 in GBP/USD: Gregor Horvat 7 years 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… 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.
