EURUSD Daily Pivots
R3 | 1.1225 |
R2 | 1.1155 |
R1 | 1.1097 |
Pivot | 1.1029 |
S1 | 1.0971 |
S2 | 1.0907 |
S3 | 1.0843 |
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EURUSD (1.1): EURUSD is continuing to trade higher for the past 5 daily sessions and looking to break out from the falling price channel on the daily chart. This will see a possible retest to the support at 1.0975 ahead of a rally to 1.12845. On the intraday charts, price action briefly tested the support on break out of the falling price channel near 1.095 and has cleared the minor support at 1.10. To the upside, resistance comes in at 1.1135 and 1.117. Establishing support at 1.10 through 1.0975 will see a possible attempt to break the resistance at 1.117 to rally further and test 1.1335. To the downside, a break below 1.0975 will see EURUSD consolidate above the previous support at 1.095 – 1.0925 below which will see a test to 1.082.
USDJPY Daily Pivots
R3 | 126.05 |
R2 | 125.626 |
R1 | 125.375 |
Pivot | 124.949 |
S1 | 124.685 |
S2 | 124.258 |
S3 | 124.007 |
USDJPY (125.1): USDJPY is trading a few pips away from the 125.5 resistance on the daily charts. The intraday price action is showing the ascending triangle pattern with the horizontal resistance at 124.435 being broken. The current rally could stall near 125.65 resistance level while the trend line continues to remain in focus as a break of this trend line could see a potential decline to the downside. USDJPY will need to break above 125.65 level of resistance in order to aim for further gains.
GBPUSD Daily Pivots
R3 | 1.5668 |
R2 | 1.5642 |
R1 | 1.5606 |
Pivot | 1.558 |
S1 | 1.5545 |
S2 | 1.5519 |
S3 | 1.5484 |
GBPUSD (1.55): GBPUSD is retracing some of its gains from yesterday as the currency is looking to turn back lower. However, it is supported above 1.552 and only a break below this level will see a decline to 1.5323. On the intraday charts, there is a strong consolidation taking place currently after breaking out of the rising price channel and retesting the channel from below. However, there is a strong support at 1.5516 through 1.5455 which will need to be cleared by price ahead of a decline down to 1.5323.