EURUSD Daily Pivots R3 1.2537 R2 1.2513 R1 1.2473 Pivot 1.2449 S1 1.2409 S2 1.2485 S3 1.2345 Having broken below the two minor rising trend lines, EURUSD could possibly look towards testing the major support at 1.23695, so long as any upside gains are capped near the daily resistance 1 level. A break above the high of 1.2489 could possibly see the EURUSD rally back to the major support/resistance level near 1.2527 level with a good probability of even breaking the major support/resistance level. USDJPY Daily Pivots R3 120.15 R2 119.458 R1 119.087 Pivot 118.395 S1 118.024 S2 117.332 S3 116.961 A daily close above 118.974 is essential to see any further gains in USDJPY. The hourly charts however show some weaknesses at this point in time. Price is still trading above the major rising support trend line and as long as this trend line holds, USDJPY could possibly eye 118974 and beyond. However, a break of this trend line could see a test down to the daily pivot level at 118.395 – 118.33. GBPUSD Daily Pivots R3 1.5822 R2 1.5781 R1 1.5699 Pivot 1.5658 S1 1.5576 S2 1.5535 S3 1.5453 After rallying out from the consolidation price zone, GBPUSD promptly fell back to the lower end of the consolidation range, settling back below the falling trend line. A daily test to the region of 1.5688 is on the cards. A failure to break above the rising trend line could possibly indicate renewed weakness in the Cable, targeting the lows of 1.5485. 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 Forex Crunch Key Metrics November 2014 Yohay Elam 7 years EURUSD Daily Pivots R3 1.2537 R2 1.2513 R1 1.2473 Pivot 1.2449 S1 1.2409 S2 1.2485 S3 1.2345 Having broken below the two minor rising trend lines, EURUSD could possibly look towards testing the major support at 1.23695, so long as any upside gains are capped near the daily resistance 1 level. A break above the high of 1.2489 could possibly see the EURUSD rally back to the major support/resistance level near 1.2527 level with a good probability of even breaking the major support/resistance level. USDJPY Daily Pivots R3 120.15 R2 119.458 R1 119.087 Pivot 118.395 S1 118.024 S2 117.332… 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.
