EURUSD Daily Pivots
| R3 | 1.114 |
| R2 | 1.1084 |
| R1 | 1.1001 |
| Pivot | 1.0945 |
| S1 | 1.0862 |
| S2 | 1.0806 |
| S3 | 1.0723 |
 
EURUSD broke out from what looks like a still forming triangle consolidation pattern. If the daily pivot level, manages to hold the rallies, then on break of 1.089 we could expect to see further declines on the cards, preferably targeting 1.073 levels, which is supported by the trend line of the rising price channel. Despite this decline, the EURUSD would still be looking bullish on the medium term.
USDJPY Daily Pivots
| R3 | 120.835 |
| R2 | 120.407 |
| R1 | 120.069 |
| Pivot | 119.648 |
| S1 | 119.31 |
| S2 | 118.882 |
| S3 | 118.544 |
USDJPY is still weak but the bearish momentum is showing signs of cooling down, which could point to a possible test to the upside near 120.16 the most immediate resistance overhead. The pair managed to find support near 119.5 levels marking a small reversal. A break of this previous low could spell further declines in the USDJPY with the eventual goal targeting 118.414 levels in the near term. However, the failure to retest any of the breakout levels does pose a risk for a possible rally to the upside, anywhere between 120.16 through 120.465.
GBPUSD Daily Pivots
| R3 | 1.5079 |
| R2 | 1.5031 |
| R1 | 1.4938 |
| Pivot | 1.4889 |
| S1 | 1.4796 |
| S2 | 1.4748 |
| S3 | 1.4655 |
GBPUSD made another attempt yesterday to break above 1.49 but failed to do so, finding resistance near 1.49556 levels to close the day back in the range of 1.495 through 1.482. The currency pair is now currently poised to dip lower towards 1.482 on break of the minor support at 1.485, following which a test to the previous lows of 1.47225 cannot be ruled out. The upside momentum seems to be losing steam but the test to 1.482 will be crucial to pave way for future direction on this currency pair.
