EURUSD Daily Pivots
| R3 | 1.2657 |
| R2 | 1.2586 |
| R1 | 1.2463 |
| Pivot | 1.2391 |
| S1 | 1.2269 |
| S2 | 1.2196 |
| S3 | 1.2074 |
 
EURUSD failed to break above the resistance of 1.257 levels and promptly shifted lower and is currently supported by the falling trend line. If this level holds, we could see a move higher, preferably above 1.23695 which could potentially put the EURUSD onto further gains. To the downside, a break of the trend line will see EURUSD struggle to break below the previous strong support at 1.2271 region.
USDJPY Daily Pivots
| R3 | 122.201 |
| R2 | 120.553 |
| R1 | 119.599 |
| Pivot | 117.951 |
| S1 | 116.997 |
| S2 | 115.349 |
| S3 | 114.394 |
USDJPY broke out of the price channel only to hit resistance near 118.8 and 118.9 levels. We could expect to see an intraday decline towards the daily pivot and possibly a shift lower to the previous support at 117.614. If this level holds, USDJPY could possibly attempt another rally to break the previous resistance of 118.8/.9 followed by 119.66 levels.
GBPUSD Daily Pivots
| R3 | 1.5914 |
| R2 | 1.5834 |
| R1 | 1.5704 |
| Pivot | 1.5622 |
| S1 | 1.5492 |
| S2 | 1.5411 |
| S3 | 1.5281 |
GBPUSD broke down from the ranging price zone yesterday. A potential retest to the lower end of the range at 1.561 levels could set the stage for a decline to 1.5486 levels, which could make new fresh yearly lows in the Cable. A push above the lower price range could alternatively pave way for continuation of the ranging price action.
