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EURUSD Daily Pivots

R3 1.2563
R2 1.2542
R1 1.2504
Pivot 1.2483
S1 1.2445
S2 1.2425
S3 1.2386

 EURUSD November 28 technical analysis pivot points and outlook for currency trading

EURUSD looks set for a decline after a brief rally back to the main support/resistance level at 1.252. With the pair trading weaker early into today’s trading session; we could possibly expect a small rally towards the daily pivot before we can see more declines towards the initial support at 1.3695

USDJPY Daily Pivots

R3 118.63
R2 118.258
R1 117.982
Pivot 117.61
S1 117.334
S2 116.962
S3 116.686

USDJPY November 28 technical analysis pivot points and outlook for currency trading

USDJPY rallied early on during today’s trading session but price is currently near the short term resistance level of 118.332. Failure to break above this level could see a possible decline towards 117.826 short term support/resistance level followed by a further decline to the daily pivot and the major technical support. Alternatively, a break above the resistance at 118.332 could yet again see USDJPY possibly looking to make fresh highs.

GBPUSD Daily Pivots

R3 1.5911
R2 1.5867
R1 1.5802
Pivot 1.5759
S1 1.5692
S2 1.565
S3 1.5583

GBPUSD November 28 technical analysis pivot points and outlook for currency trading

GBPUSD broke out from the ranging bottom to rally to the previous support at 1.58144 to test for resistance. With the declines now underway the Cable is back into the consolidation price zone. However, the minor rising support trend line will offer clues for either a bounce back higher or a break below could see GBPUSD fall back to the major falling trend line.