EURUSD Daily Pivots
| R3 | 1.2545 |
| R2 | 1.2510 |
| R1 | 1.2446 |
| Pivot | 1.2411 |
| S1 | 1.2346 |
| S2 | 1.2311 |
| S3 | 1.2247 |
 
EURUSD invalidated the bullish flag set up yesterday and instead declined considerably. The pair is currently trading near the major support level of 1.23695. A bounce from here as seen previously could see the pair rally back, ideally to the trend line break out level near the daily pivot in the region of 1.2433 – 1.242 levels. Alternatively, a break of the support could see EURUSD target the next major support at 1.227.
USDJPY Daily Pivots
| R3 | 120.652 |
| R2 | 119.97 |
| R1 | 119.591 |
| Pivot | 118.909 |
| S1 | 118.53 |
| S2 | 117.848 |
| S3 | 117.469 |
USDJPY broke above the resistance to make a new yearly high at 119.437 but current price action looks to be easing. A corrective decline to the support level at 118.974 – 118.9 could set the stage for further significant gains in the USDJPY ahead of the nonfarm payrolls on Friday.
GBPUSD Daily Pivots
| R3 | 1.5819 |
| R2 | 1.578 |
| R1 | 1.5708 |
| Pivot | 1.5669 |
| S1 | 1.5598 |
| S2 | 1.5559 |
| S3 | 1.5487 |
GBPUSD is back in the range with two attempts to rally failed with the resistance trend line. The level of 1.56117 is key to watch as the support level has held in the past. A break of this support could see further declines in the cable with the next major support at 1.5486.
