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EURUSD Daily Pivots

R3 1.2551
R2 1.2497
R1 1.2469
Pivot 1.2415
S1 1.2387
S2 1.2333
S3 1.2305

 EURUSD November 25 2014 technical analysis pivot points and outlook

EURUSD managed to end the day higher rallying to as far as the daily pivot level yesterday. Today’s price action currently see’s a small bearish reversal underway, but we can expect to see a potential retest to the main support/resistance level of 1.25278 which will yet again be critical in regards to future price action for EURUSD. If EURUSD fails to break above 1.25278, a decline back to 1.23695 is possible and a potential to drop to as low as 1.2271 levels. Alternatively, a break above the resistance of 1.25278 could see some choppy price action until price manages to break above the trend line.

USDJPY Daily Pivots

R3 119.543
R2 119.015
R1 118.64
Pivot 118.112
S1 117.737
S2 117.209
S3 116.834

USDJPY November 25 2014 technical analysis pivot points and outlook

USDJPY’s failure to rally above the previous highs at 118.974 and a break below the long rising trend line is indicative of potential weakness in USDJPY. We could possibly see a retest of the minor down sloping trend line with the first support coming in at 117.572 levels and probably a decline lower to retest the minor down sloping trend line. Alternatively, a rally could see potential resistance near the daily pivot level of 118.112.

GBPUSD Daily Pivots

R3 1.5823
R2 1.5769
R1 1.5737
Pivot 1.5683
S1 1.5651
S2 1.5597
S3 1.5565

GBPUSD November 25 2014 technical analysis pivot points and outlook

GBPUSD managed to hold on to its gains after rallying modestly yesterday. Price briefly declined to the minor support level of 1.56723 but is now currently back to trading below the main support/resistance level. A rally above this level is required to see further gains to 1.5736 while a decline could potentially test the lower support line of the price channel.