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EURUSD Daily Pivots

R3 1.1164
R2 1.1117
R1 1.1057
Pivot 1.1011
S1 1.0950
S2 1.0903
S3 1.0844


EURUSD (1.10): EURUSD has closed Friday’s session on a bullish note indicating a potential move to the upside. This bias is confirmed with prices breaking above the falling price channel and the bullish divergence to the Stochastics. The minimum correction we can expect to see is towards 1.1348 but ahead of this correction, EURUSD will need to clear short term resistance at 1.1135. A close below the recent lower close could see EURUSD continue to decline in the near term.


USDJPY Daily Pivots

R3 122.53
R2 122.008
R1 121.339
Pivot 120.811
S1 120.129
S2 119.601
S3 118.920


USDJPY (120.3): USDJPY closed on a bearish note and today’s daily session has gapped down indicating a move to the to the downside. Prices are currently trading off the medium support at 120.275 as noted previously. A minor bounce to fill the gap at 120.65 is very likely and as long as prices stay below 121, USDJPY could be looking to trade lower. A break below 120.275 could see a decline to as much as 119.145.


GBPUSD Daily Pivots

R3 1.5644
R2 1.5555
R1 1.5486
Pivot 1.5397
S1 1.5328
S2 1.5239
S3 1.5169