EURUSD Daily Pivots R3 1.1352 R2 1.1279 R1 1.1145 Pivot 1.1073 S1 1.0939 S2 1.0866 S3 1.0732 EURUSD (1.0981): EURUSD is trading below the 1.1 psychological handle after consolidating near the 1.117 through 1.1135 support/resistance level. Failure to find support near 1.098 price level is likely to see EURUSD decline down to 1.082 as the last support level which could be the line in the sand before prices decline further and possibly resume its bearish trend. From the daily charts, price action closed Friday on a bearish note as well, forming a minor bearish engulfing candlestick and the price zone between 1.09 through 1.0825 forms an important support level to keep an eye on. USDJPY Daily Pivots R3 122.722 R2 122.165 R1 121.844 Pivot 121.238 S1 120.905 S2 120.311 S3 119.978 USDJPY (121.69): USDJPY formed a bullish engulfing candlestick on the daily charts and trading near 121 price level, indicating a possible continuation to the upside. A daily close above 121.5 will mark a highest close since prices began to move sideways around early March this year. Short term support comes in at 121.175, which if tested could see the pair push higher. With prices back into the rising price channel, we expect to see further upside gains in the near term. GBPUSD Daily Pivots R3 1.5854 R2 1.5772 R1 1.5624 Pivot 1.5542 S1 1.5394 S2 1.5312 S3 1.5167 GBPUSD (1.5475): GBPUSD saw a strong bearish reversal candlestick pattern on Friday and closed below 1.552 support level from the daily charts, indicating a potential decline to 1.5325 where the next support level comes in. On the intraday charts, price is still between 1.551 and 1.545 support level, but with price breaking out of the price channel, we could expect to see possible declines to the next support at 1.52. In our latest podcast, we discuss commodity currencies, oil hedging and preview next week’s events. Subscribe to Market Movers on iTunes 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 Staying short EUR/USD targeting 1.0460 as USD tests momentum Yohay Elam 7 years EURUSD Daily Pivots R3 1.1352 R2 1.1279 R1 1.1145 Pivot 1.1073 S1 1.0939 S2 1.0866 S3 1.0732 EURUSD (1.0981): EURUSD is trading below the 1.1 psychological handle after consolidating near the 1.117 through 1.1135 support/resistance level. Failure to find support near 1.098 price level is likely to see EURUSD decline down to 1.082 as the last support level which could be the line in the sand before prices decline further and possibly resume its bearish trend. From the daily charts, price action closed Friday on a bearish note as well, forming a minor bearish engulfing candlestick and the price zone… 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.
