EURUSD Daily Pivots R3 1.1524 R2 1.1479 R1 1.1418 Pivot 1.1373 S1 1.1312 S2 1.1268 S3 1.1207 EURUSD (1.137): EURUSD saw another bullish day yesterday but failed to close at the highs, resulting in a small bodied candlestick pattern. With prices however trading above the daily resistance level at 1.12845, the bias remains to the upside, despite the risks that we could see a possible decline to the daily resistance level to establish support. On the intraday charts, EURUSD is seen consolidating just above the resistance zone at 1.13575 through 1.1335. As long as this level holds, EURUSD is poised to test the next resistance at 1.149 or 1.15. USDJPY Daily Pivots R3 124.678 R2 124.139 R1 123.55 Pivot 123.011 S1 122.423 S2 121.883 S3 121.287 USDJPY (122.99): USDJPY broke down from the resistance level at 124 to trade near the 123 level of support and resistance. Price action is consolidating here and we expect to see further downside in store towards 122 level of support. There is a small chance that the current price action has formed a near double bottom at 122.66. Therefore, USDJPY will need to break the support at 122.66 in order to decline towards 122. In the event the double bottom holds, USDJPY could possibly retest previous resistance at 124 and eventually target 125.2, the measured move of the double bottom pattern. GBPUSD Daily Pivots R3 1.6060 R2 1.5995 R1 1.5936 Pivot 1.587 S1 1.5811 S2 1.5747 S3 1.5688 GBPUSD (1.588): GBPUSD’s rally has been rather fast as prices have broken above 1.57525 to test the next resistance at 1.59. We expect a possible decline to 1.57525 to establish support at this freshly broken resistance which could then set the stage for further gains. On the intraday charts, we expect a dip to 1.58 (to 1.57525). In the larger scheme of things, the recent break out from the falling price channel could be viewed as a major bull flag. This gives us a potential target to 1.62 and 1.65 as the longer term goals.. In our latest podcast we digest the dollar dove dive, update on Greece and preview next week’s events. Follow us on Stitcher 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 Bits share Read Next Forex Weekly Outlook June 22-26 Anat Dror 7 years EURUSD Daily Pivots R3 1.1524 R2 1.1479 R1 1.1418 Pivot 1.1373 S1 1.1312 S2 1.1268 S3 1.1207 EURUSD (1.137): EURUSD saw another bullish day yesterday but failed to close at the highs, resulting in a small bodied candlestick pattern. With prices however trading above the daily resistance level at 1.12845, the bias remains to the upside, despite the risks that we could see a possible decline to the daily resistance level to establish support. On the intraday charts, EURUSD is seen consolidating just above the resistance zone at 1.13575 through 1.1335. As long as this level holds, EURUSD is… 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.
