EURUSD Daily Pivots
| R3 | 1.191 |
| R2 | 1.1781 |
| R1 | 1.1573 |
| Pivot | 1.1444 |
| S1 | 1.1235 |
| S2 | 1.1107 |
| S3 | 1.0898 |
 
EURUSD broke down from its short term support level at 1.149 and continues to decline missing the daily pivot level as well. There is quite a bit of room to the downside, before price heads closer to the falling trend line for support, which currently shows confluence with one of the support levels near 1.11. A retracement however could be possible, either to the daily pivot or even back towards the 1.149 levels.
USDJPY Daily Pivots
| R3 | 120.42 |
| R2 | 119.544 |
| R1 | 119.018 |
| Pivot | 118.142 |
| S1 | 117.616 |
| S2 | 116.740 |
| S3 | 116.214 |
USDJPY looks to continue its rally to test the major resistance level at 118.87 or even further to 119. A successful test of resistance here could pave way for declines with the first support coming in at 118.2. There is also the likelihood of price validating a longer term inverted head and shoulders pattern, which could see the USDJPY rally as much as towards 127 levels.
GBPUSD Daily Pivots
| R3 | 1.5396 |
| R2 | 1.5303 |
| R1 | 1.5157 |
| Pivot | 1.5065 |
| S1 | 1.5088 |
| S2 | 1.4918 |
| S3 | 1.4826 |
The break of 1.515 indicates a continuation of the bearish momentum, with price also now having broken the lower support line of the falling price channel. The next likely targets for GBPUSD will potentially come down to 1.4922 levels, which marks a major support level, last seen in 2013.
