EURUSD Daily Pivots R3 1.2535 R2 1.2506 R1 1.2471 Pivot 1.2442 S1 1.2407 S2 1.2378 S3 1.2343 EURUSD was trading within a range after making an intraday high to 1.2477 yesterday and has been trading right above the major support/resistance level that we have been watching. A bullish reversal later during the US trading session puts EURUSD for further upside gains as long as the minor resistance near 1.246 is broken, which would then target the next resistance at 1.248. USDJPY Daily Pivots R3 120.218 R2 119.638 R1 118.728 Pivot 118.149 S1 117.24 S2 116.66 S3 115.75 USDJPY broke down after failing to break the resistance at 118.87 levels to close at lows near 117.61. Today’s price action in early Asian trading shows continued strength in the Yen as the pair struggles to break above the support noted at 117.614. A rally to the daily pivot level at 118.149 is likely before USDJPY declines further targeting the next support zone near 115.9 – 115.85 levels. GBPUSD Daily Pivots R3 1.5866 R2 1.5806 R1 1.5721 Pivot 1.5661 S1 1.5576 S2 1.5516 S3 1.5430 GBPUSD failed to clear the upper end of the range near 1.5723 and posted steep declines yesterday briefly touching the lower end of the range at 1.561. Current price action is starting to look bearish with the possibility that we could see another retest down to 1.561 with the potential of breaking below this level targeting previous lows to 1.554 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 Daily Look share Read Next 5 reasons for the surge of EUR/USD Yohay Elam 7 years EURUSD Daily Pivots R3 1.2535 R2 1.2506 R1 1.2471 Pivot 1.2442 S1 1.2407 S2 1.2378 S3 1.2343 EURUSD was trading within a range after making an intraday high to 1.2477 yesterday and has been trading right above the major support/resistance level that we have been watching. A bullish reversal later during the US trading session puts EURUSD for further upside gains as long as the minor resistance near 1.246 is broken, which would then target the next resistance at 1.248. USDJPY Daily Pivots R3 120.218 R2 119.638 R1 118.728 Pivot 118.149 S1 117.24 S2 116.66 S3 115.75 USDJPY broke… 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.
