EURUSD Daily Pivots R3 1.1235 R2 1.1165 R1 1.1109 Pivot 1.1039 S1 1.0983 S2 1.0913 S3 1.0858 EURUSD (1.103): EURUSD closed on a bullish note yesterday despite opening weak. Daily charts price action still remains range bound within last week’s high and low and therefore we keep our options open on the bias until there is a more clear confirmation. On the intraday charts, the bear flag pattern looks to be in place despite the bounce off 1.095, which incidentally marks the 127.2% Fib level of the bearish flag pattern. The bounce from 1.095 saw retest to the break out level and a decline. We expect another leg down to 1.095, and the potential test to 1.09275 which will complete the bear flag’s measured move. If support at 1.095 holds, we could expect a possible break out from the falling price channel and could shift the bias to the upside. USDJPY Daily Pivots R3 124.073 R2 123.496 R1 123.037 Pivot 122.46 S1 121.988 S2 121.411 S3 120.939 USDJPY (122.65): USDJPY closed as a near doji type of a candlestick pattern yesterday. On the intraday charts, price is still hovering near 122.65 region of support/resistance after a bullish engulfing was formed few sessions ago. A close below 122.65 could test previous lows near the support at 122 and could potentially see a further decline down to 120.8 should the support zone near 122 – 121.7 give way. GBPUSD Daily Pivots R3 1.5742 R2 1.5685 R1 1.5645 Pivot 1.5588 S1 1.5549 S2 1.5492 S3 1.5452 GBPUSD (1.558): GBPUSD closed on a piercing line candlestick pattern yesterday and comes just a few pips above 1.552. We could expect a possible correction to the upside in the near term. On the intraday charts, price bounced off the lower rail of the rising price channel and we can expect a test back to the broken support near 1.5685 region. There is a likelihood of a test of support near 1.551 as noted by the new falling price channel within the larger one. A break of this falling price channel could indicate a potential move to the upside which will see GBPUSD set up for a test back to 1.5685 and possible back to 1.58. In our latest podcast we feature a Greferendum preview, NFP review and more Follow us on Sticher. 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 AUD/USD goes deeper below 0.75 after the RBA decision – Yohay Elam 7 years EURUSD Daily Pivots R3 1.1235 R2 1.1165 R1 1.1109 Pivot 1.1039 S1 1.0983 S2 1.0913 S3 1.0858 EURUSD (1.103): EURUSD closed on a bullish note yesterday despite opening weak. Daily charts price action still remains range bound within last week's high and low and therefore we keep our options open on the bias until there is a more clear confirmation. On the intraday charts, the bear flag pattern looks to be in place despite the bounce off 1.095, which incidentally marks the 127.2% Fib level of the bearish flag pattern. The bounce from 1.095 saw retest to the break out… 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.
