EURUSD Daily Pivots R3 1.2269 R2 1.2247 R1 1.2211 Pivot 1.2189 S1 1.2153 S2 1.2132 S3 1.2096 EURUSD continues to drift lower towards 1.2188 but a retest to the broken support level at 1.2271 is still on the cards. Current price action shows price trading close to below the falling resistance trend line. A break of this trend line could see a possible rally back to the broken support with the potential to test higher towards the second trend line higher. USDJPY Daily Pivots R3 120.939 R2 120.701 R1 120.552 Pivot 120.314 S1 120.165 S2 119.927 S3 119.778 USDJPY formed a strong bearish candlestick on the H1 charts, which could potentially aim towards an intraday decline towards the daily pivot level at 120.314 with a major support formed at 120.05 level, a likely test down to this level. If support is established on this retest, USDJPY could look for gains in the medium term, while a break below this level will see USDJPY look to dip lower to 119.66 level. GBPUSD Daily Pivots R3 1.5599 R2 1.5584 R1 1.5567 Pivot 1.5553 S1 1.5537 S2 1.5521 S3 1.5506 The sharp retracement rally in GBPUSD is currently forming a bearish flag pattern but the potential to retest the broken support of the range at 1.561 could invalidate the bearish flag pattern. However the risks to the downside remain in GBPUSD targeting previous lows to 1.5486. 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 Political Instability Relapse in Greece Scott Smith 7 years EURUSD Daily Pivots R3 1.2269 R2 1.2247 R1 1.2211 Pivot 1.2189 S1 1.2153 S2 1.2132 S3 1.2096 EURUSD continues to drift lower towards 1.2188 but a retest to the broken support level at 1.2271 is still on the cards. Current price action shows price trading close to below the falling resistance trend line. A break of this trend line could see a possible rally back to the broken support with the potential to test higher towards the second trend line higher. USDJPY Daily Pivots R3 120.939 R2 120.701 R1 120.552 Pivot 120.314 S1 120.165 S2 119.927 S3 119.778 USDJPY… 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.
