EURUSD Daily Pivots R3 1.3005 R2 1.2925 R1 1.2866 Pivot 1.2785 S1 1.2727 S2 1.2646 S3 1.2588 EURUSD hit resistance near 1.2828 and 1.284 levels and promptly drifted lower. Support comes in at today’s pivot level of 1.2785, which if tested successfully, could see EURUSD try to break above the resistance. Alternatively, should the support at 1.2785 give away, EURUSD could possibly drop towards 1.275 followed by 1.27. The European trading session is likely to remain quiet without any economic news on the tap. USDJPY Daily Pivots R3 107.651 R2 107.058 R1 106.696 Pivot 106.103 S1 105.741 S2 105.148 S3 104.786 USDJPY looks like it could continue to consolidate within a tight range. After the decline, USDJPY looks to be forming a congestion pattern of sorts, which could potentially result in a break out. To the upside, the most immediate resistance comes in at 106.765, just above today’s first resistance level, whereas a break below the short term rising trendline could see further declines with technical supports at 105.7 and 104.7. GBPUSD Daily Pivots R3 1.6298 R2 1.6197 R1 1.6142 Pivot 1.6042 S1 1.5987 S2 1.5886 S3 1.5831 GBPUSD validated the identified bullish flag to reach the objective of 1.607 and stalled. Current price action shows a possible move lower towards the daily pivot at 1.604 or perhaps to the technical support lower at 1.6025. Although the cable is still technically bearish, the price action is softly hinting towards a possible upside move, a bit evident from higher time frames. 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 Market Movers Episode #20: Questions for every trader, crashing Yohay Elam 7 years EURUSD Daily Pivots R3 1.3005 R2 1.2925 R1 1.2866 Pivot 1.2785 S1 1.2727 S2 1.2646 S3 1.2588 EURUSD hit resistance near 1.2828 and 1.284 levels and promptly drifted lower. Support comes in at today's pivot level of 1.2785, which if tested successfully, could see EURUSD try to break above the resistance. Alternatively, should the support at 1.2785 give away, EURUSD could possibly drop towards 1.275 followed by 1.27. The European trading session is likely to remain quiet without any economic news on the tap. USDJPY Daily Pivots R3 107.651 R2 107.058 R1 106.696 Pivot 106.103 S1 105.741 S2 105.148… 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.
