EURUSD Daily Pivots R3 1.2828 R2 1.2765 R1 1.2697 Pivot 1.2633 S1 1.2566 S2 1.2502 S3 1.2434 EURUSD validated the descending triangle, breaking lower than the target objective of 1.26556, making an intra-day low of 1.257. Price seems to be forming a small topping pattern near today’s pivot level with the daily pivot and the daily resistance level 1 acting as strong resistance where upward moves are most likely to be capped ahead of the US monthly ADP jobs data. USDJPY Daily Pivots R3 110.604 R2 110.227 R1 109.94 Pivot 109.563 S1 109.276 S2 108.899 S3 108.612 At the time of writing, USDJPY made a strong pin bar rejection near the daily resistance level 1 of 109.94 indicating further upside push is likely to come from the US ADP jobs data release. A retest of support to 109.67 could establish support paving way for further gains for the day. GBPUSD Daily Pivots R3 1.6398 R2 1.6343 R1 1.6277 Pivot 1.6223 S1 1.6157 S2 1.6101 S3 1.6036 GBPUSD tested the short term support level for resistance at 1.6217 before dropping lower to make an intra-day low of 1.6171 which also happens to be a strong support level. We can expect to see some ranging/sideways price action ahead of the GBP followed by the USD economic data. Yesterday’s daily candle also closed indecisively with small body and strong upper and lower wicks hinting to further indecision in price action. 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 GBP/USD: Trading the ADP Non-Farm Payrolls Kenny Fisher 7 years EURUSD Daily Pivots R3 1.2828 R2 1.2765 R1 1.2697 Pivot 1.2633 S1 1.2566 S2 1.2502 S3 1.2434 EURUSD validated the descending triangle, breaking lower than the target objective of 1.26556, making an intra-day low of 1.257. Price seems to be forming a small topping pattern near today's pivot level with the daily pivot and the daily resistance level 1 acting as strong resistance where upward moves are most likely to be capped ahead of the US monthly ADP jobs data. USDJPY Daily Pivots R3 110.604 R2 110.227 R1 109.94 Pivot 109.563 S1 109.276 S2 108.899 S3 108.612 At the… 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.
