EURUSD Daily Pivots
| R3 | 1.1475 |
| R2 | 1.1377 |
| R1 | 1.1243 |
| Pivot | 1.1145 |
| S1 | 1.1013 |
| S2 | 1.0915 |
| S3 | 1.0782 |
EURUSD (1.1099): EURUSD closed on a bearish candlestick note on Friday after a failed attempt to close above 1.12845 level of resistance. We expect this bearish sentiment to push EURUSD back towards the previous support at 1.10 region. If prices hold above 1.10, EURUSD could potentially turn bullish on break above 1.117 and 1.13575. On the other hand, should the 1.10 support give way, EURUSD could see further declines, targeting 1.082 the most recent lows that were printed on 27th May.
USDJPY Daily Pivots
| R3 | 125.659 |
| R2 | 125.174 |
| R1 | 124.755 |
| Pivot | 124.269 |
| S1 | 123.863 |
| S2 | 123.365 |
| S3 | 122.958 |
USDJPY (125.472): USDJPY reached the large triangle’s measured price objective to 125.5. We now expect a decline to find support at lower levels before price can move any higher. The most immediate support comes in at 124.875 region. If the support holds, USDJPY could possibly post fresh highs from here on. Alternatively, if 124.875 gives way as support, USDJPY will then look to the 124 support level where we could potentially see a confluence between the horizontal support and the rising trend line.
GBPUSD Daily Pivots
| R3 | 1.5545 |
| R2 | 1.5458 |
| R1 | 1.5366 |
| Pivot | 1.5277 |
| S1 | 1.5186 |
| S2 | 1.5098 |
| S3 | 1.5006 |
GBPUSD (1.5266): GBPUSD has been struggling to break above the 1.533 region but has failed resulting in a decline back to the 1.5233 level of support on the daily chart. The test towards 1.52 saw only a brief spike and we expect a decline to retest this support preferably with a close near this region. The test of support here could see GBPUSD prepare for a break out from the falling price channel and could look towards targeting 1.5455 – 1.55 levels.
