Daily Forex Preview for June 29, 2015

June 29, 2015

EURUSD Daily Pivots

R3

1.130

R2

1.126

R1

1.121

Pivot

1.1169

S1

1.1119

S2

1.1078

S3

1.1028

EURUSD (1.1): EURUSD opened the week gapping down by close to 154 pip. From Friday's close at 1.1160, EURUSD opened Monday's session at 1.1006. The bear flag pattern that we noticed previously looks to have completed with price stalling near 1.09842 level of support which we have been watching. From here on, EURUSD could see a spike up to 1.1135, the broken support and could possibly move sideways. A break below 1.0984 could however see EURUSD drop down to 1.082 level of support.

USDJPY Daily Pivots

R3

124.909

R2

124.446

R1

124.143

Pivot

123.688

S1

123.384

S2

122.921

S3

122.625

USDJPY (122.6): USDJPY also gapped down on today's open. The intraday chart shows price trading back the support of 122.65, the area where a double bottom was previously formed. If price action stalls at this level, we could expect a possible triple bottom, which in turn could be very bullish to the upside. Resistance comes in at 124 while a break below 122.65 would invalidate the triple bottom and could see a dip down to 122 support.

GBPUSD Daily Pivots

R3

1.583

R2

1.5798

R1

1.5771

Pivot

1.574

S1

1.5713

S2

1.5681

S3

1.5654

GBPUSD (1.57): GBPUSD: Gapping lower on Monday's weekly open. With price trading below the break out level of resistance/support at 1.58, GBPUSD could potentially decline to support at 1.552 - 1.545. The current consolidation in GBPUSD has formed a bearish triangle pattern which see's a breakout below 1.5673 which will set the stage for a drop to 1.552 - 1.545 support.

Source

Publication source
Orbex information  Orbex reviews

September 30, 2016
The OPEC greases the wheels for oil
The global equities rally led by the gains in the energy sector after the OPEC members cut a deal in Algiers, despite the market scepticism and repeated statements that the Oil officials in Iran and Saudi Arabia are not able to find a middle ground in the current conditions...
September 30, 2016
Opec deal no certainty
In a huge surprise to the market, members of the Opec cartel agreed to cut production by as much as 700,000 barrels a day with some predicting that this may be the start of a new upward trend for oil...
September 30, 2016
Brent futures consolidated their gains
Brent rose in the European session after a surprised OPEC decision to cut oil output. Moreover, a draw in U.S. crude stocks gave an additional support for oil prices...

Vantage FX Rating
FXCM Rating
HYCM Rating
FBS Rating
XM Rating
Orbex Rating

OptionFair Rating
OptionTrade Rating
24option Rating
TopOption Rating
Beeoptions Rating
IQ Option Rating