EURUSD Daily Pivots
| R3 | 1.135 |
| R2 | 1.1304 |
| R1 | 1.1266 |
| Pivot | 1.1227 |
| S1 | 1.1182 |
| S2 | 1.1136 |
| S3 | 1.1098 |
EURUSD (1.123): EURUSD remains range bound despite Friday’s gains. Price is trading within 1.12845 and 1.1118 levels of support and resistance. The rising price channel has been re-plotted capturing the recent price action and we notice that 1.12 now has the potential to form a support level. If prices fail to decline below 1.12 EURUSD could rally above 1.1254. A close above 1.1254 and a potential support at this level could see prices test the next main resistance at 1.1315 through 1.13 regions.
USDJPY Daily Pivots
| R3 | 122.419 |
| R2 | 121.413 |
| R1 | 120.698 |
| Pivot | 119.691 |
| S1 | 118.975 |
| S2 | 117.969 |
| S3 | 117.253 |
USDJPY (119.9): USDJPY remains range bound with no clear direction being established despite Friday’s decline to the lows below 118.685. The rejection at this level marks a second time where prices have strongly rebounded. To the upside, 120.275 remains as resistance followed by 121 while to the downside, 119.145 marks the level of support with further direction likely to be set only on break of this range.
GBPUSD Daily Pivots
| R3 | 1.534 |
| R2 | 1.5289 |
| R1 | 1.5230 |
| Pivot | 1.5179 |
| S1 | 1.5121 |
| S2 | 1.5070 |
| S3 | 1.5011 |
