EURUSD Daily Pivots R3 1.2611 R2 1.254 R1 1.2499 Pivot 1.2428 S1 1.2388 S2 1.2316 S3 1.2271 As mentioned in the previous daily analysis, EURUSD managed to rally back to test the previous broken support at 1.2466. Further upside gains could likely stall near the break out price level of the bearish flag near 1.25278 for a move back towards the lows of 1.2271 level. Alternatively, a break of resistance near 1.25278 could see a rally1.26358 USDJPY Daily Pivots R3 116.682 R2 116.138 R1 115.343 Pivot 114.799 S1 114.004 S2 113.46 S3 112.665 USDJPY weakened since Friday’s close and looks set to test the region near the daily support 2 level of 113.460, the break out level of the bullish flag. However, a break of 114.176 is required in order to achieve this objective. If 113.46 manage to hold, we could see USDJPY rally towards the daily pivot level before declining further. GBPUSD Daily Pivots R3 1.6009 R2 1.5948 R1 1.5913 Pivot 1.5851 S1 1.5816 S2 1.5755 S3 1.5720 As expected from the previous analysis, GBPUSD did manage to rally back towards the region of 1.5872. Having broken this level, GBPUSD could test it for support for further upside moves towards the next resistance level of 1.595. Alternatively, a break of the support at 1.5872 could see the Cable decline towards 1.58 followed by 1.5742 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 EUR/USD could bounce from 1.2577 resistance – Elliott Gregor Horvat 7 years EURUSD Daily Pivots R3 1.2611 R2 1.254 R1 1.2499 Pivot 1.2428 S1 1.2388 S2 1.2316 S3 1.2271 As mentioned in the previous daily analysis, EURUSD managed to rally back to test the previous broken support at 1.2466. Further upside gains could likely stall near the break out price level of the bearish flag near 1.25278 for a move back towards the lows of 1.2271 level. Alternatively, a break of resistance near 1.25278 could see a rally1.26358 USDJPY Daily Pivots R3 116.682 R2 116.138 R1 115.343 Pivot 114.799 S1 114.004 S2 113.46 S3 112.665 USDJPY weakened since Friday's close and… 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.
