EURUSD Daily Pivots R3 1.2364 R2 1.2332 R1 1.2282 Pivot 1.225 S1 1.2199 S2 1.2168 S3 1.2117 EURUSD is trading below the major support level at 1.2271 level but the latest H4 candlesticks show a bullish reversal pattern potentially taking shape, which could lift the Euro back above the support level. In such an event, we could see a break of the falling trend line and on a retest of support, a possible retest back to 1.23695 levels. Alternatively, if the support at 1.2271 turns to resistance, EURUSD could look towards the next support at 1.2062. USDJPY Daily Pivots R3 120.565 R2 120.095 R1 119.766 Pivot 119.296 S1 118.967 S2 118.497 S3 118.168 USDJPY looks imminent for declines in the week as the pair broke out from the rising price channel. Failure to break above the resistance at 119.66 could indicate a potential decline towards 118.97 levels, which could bring some renewed strength into the Dollar Yen. A likely rally from support of 118.974 could possibly look to break the resistance at 119.66 this time around. A break below 118.974 could however clear way for more declines back to 117.614. GBPUSD Daily Pivots R3 1.5749 R2 1.5715 R1 1.5672 Pivot 1.5638 S1 1.5596 S2 1.5562 S3 1.5519 GBPUSD looks poised for more declines with the latest consolidation forming into a possible bearish pennant pattern. A break below the major support at 1.567 is essential to raise the conviction of a downside move, while the resistance at 1.5723 will be essential in capping any potential rallies.. 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 USD: A Narrower Focus At The Fed?; CAD: Futures Not Yohay Elam 7 years EURUSD Daily Pivots R3 1.2364 R2 1.2332 R1 1.2282 Pivot 1.225 S1 1.2199 S2 1.2168 S3 1.2117 EURUSD is trading below the major support level at 1.2271 level but the latest H4 candlesticks show a bullish reversal pattern potentially taking shape, which could lift the Euro back above the support level. In such an event, we could see a break of the falling trend line and on a retest of support, a possible retest back to 1.23695 levels. Alternatively, if the support at 1.2271 turns to resistance, EURUSD could look towards the next support at 1.2062. USDJPY Daily Pivots… 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.
