EURUSD Daily Pivots R3 1.2814 R2 1.2776 R1 1.2712 Pivot 1.2671 S1 1.2609 S2 1.2571 S3 1.2507 From the daily charts, EURUSD confirmed its bearish engulfing candle with a lower close yesterday pointing to continued downside momentum. On the H1 charts, price broke through the secondary trend line to close below the main support levels between 1.27 and 1.268. A retest of this level is likely with the bias seemingly back to the downside in EURUSD. The next possible support levels come in at 1.2588 and 1.25, the level from where the pair had previously bounced off. USDJPY Daily Pivots R3 108.005 R2 107.692 R1 107.417 Pivot 107.104 S1 106.829 S2 106.516 S3 106.241 USDJPY confirmed its bullish pinbar few days ago after closing higher yesterday. On the H4 charts, we notice an inverted head and shoulders pattern which gives USDJPY a target to 108.85. On the H1 charts, price is currently struggling to break above the resistance level at 107.35, which is essential to see the pair push higher. There seems to be limited downside scope for USDJPY if the resistance at 107.35 fails to break. Possible declines could be capped near the daily support level 1 at 106.829 along with the lower channel line and a short term support level. GBPUSD Daily Pivots R3 1.6236 R2 1.6184 R1 1.6117 Pivot 1.6064 S1 1.5997 S2 1.5944 S3 1.5877 GBPUSD’s decline was stalled near the main support level at 1.6025 after breaking a short term support level above at 1.607. A retest of this level to confirm for resistance could see another attempt to break the lower support at 1.6025, which if it gives way could see the cable decline towards 1.5998. To the upside, the resistance at 1.607 could give way for further gains to 1.6136. 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 EUR/USD: Sell Bounces For 1.22 In 3-Months, Range Trade Yohay Elam 8 years EURUSD Daily Pivots R3 1.2814 R2 1.2776 R1 1.2712 Pivot 1.2671 S1 1.2609 S2 1.2571 S3 1.2507 From the daily charts, EURUSD confirmed its bearish engulfing candle with a lower close yesterday pointing to continued downside momentum. On the H1 charts, price broke through the secondary trend line to close below the main support levels between 1.27 and 1.268. A retest of this level is likely with the bias seemingly back to the downside in EURUSD. The next possible support levels come in at 1.2588 and 1.25, the level from where the pair had previously bounced off. USDJPY Daily… Regulated 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.
