Pivot Points | 18 May 2009

Daily Pivot Points

	S3	S2	S1	P	R1	R2	R3
EUR/USD	1.3429	1.3477	1.3553	1.3516	1.3590	1.3723	1.3797
USD/JPY	93.11	93.91	94.46	95.27	95.81	96.62	97.17
GBP/USD	1.4938	1.5035	1.5092	1.5189	1.5246	1.5343	1.5400
GBP/JPY	139.98	141.75	142.84	144.61	145.70	147.47	148.56

Weekly Pivot Points

	S3	S2	S1	P	R1	R2	R3
EUR/USD	1.3078	1.3260	1.3358	1.3540	1.3638	1.3820	1.3918
USD/JPY	89.48	92.10	93.55	96.17	97.62	100.24	101.69
GBP/USD	1.4728	1.4893	1.5021	1.5186	1.5314	1.5479	1.5607
GBP/JPY	134.45	138.90	141.41	145.86	148.38	153.82	155.34

Monthly Pivot Points

	S3	S2	S1	P	R1	R2	R3
EUR/USD	1.2195	1.2540	1.2892	1.3237	1.3589	1.3934	1.4286
USD/JPY	90.03	92.82	95.85	98.64	101.67	104.46	107.49
GBP/USD	1.3566	1.3919	1.4360	1.4713	1.5154	1.5507	1.5948
GBP/JPY	127.25	133.12	139.75	145.62	152.25	158.12	164.75

Note:

Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect. Daily pivots are calculated from previous day's high, low, close which ends at 24.00 GMT.