EURUSD Daily Pivots
| R3 | 1.1626 |
| R2 | 1.1556 |
| R1 | 1.1515 |
| Pivot | 1.1444 |
| S1 | 1.1402 |
| S2 | 1.1333 |
| S3 | 1.1291 |
EURUSD (1.14): EURUSD has rallied towards the resistance level of 1.148 yesterday. A close above this level of resistance could confirm further upside in store. However, there is a bearish corrective divergence pointing to a potential decline back to 1.1254 before any rallies can be sustained. The price level of 1.145 is an important level to watch as a close below this price point could see an eventual decline targeting 1.1348 and 1.1254. To the upside, with prices trading within the rising price channel there is scope for EURUSD to continue its rally with the next main resistance at 1.1614 being the level of interest.
USDJPY Daily Pivots
| R3 | 120.720 |
| R2 | 120.256 |
| R1 | 119.543 |
| Pivot | 119.091 |
| S1 | 118.377 |
| S2 | 117.914 |
| S3 | 117.2 |
USDJPY (118.9): USDJPY has posted a strong bearish candlestick pattern yesterday indicating a decline to the downside. Prices are currently looking to retest the breakout level towards 119.45 which sits near the support level of 119.5 through 119.4. USDJPY will need to struggle to break the short term support at 119.145 which was broken yesterday. Failure to rally above this level could see USDJPY continue to decline with an eventual target to 117.250.
GBPUSD Daily Pivots
| R3 | 1.5810 |
| R2 | 1.5651 |
| R1 | 1.5565 |
| Pivot | 1.5405 |
| S1 | 1.5317 |
| S2 | 1.5158 |
| S3 | 1.5071 |
