This is Paul with PivotPoints report for this week.

he weekly pivot chart indicates that the pivot points are placed according to the maximums and minimums. This chart will enable to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of a trading map that will allow you to know beforehand the possible increases and declines of the pair.

Therefore, it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as target, it may turn to be a feasible strategy for swing trading. The strategy can be used in other way: it is possible to open long positions in S2 positions and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.

USD/JPY

____WEEKLY_____

Weekly - R3 = 80.84

Weekly - R2 = 80.46

Weekly - R1 = 80.19

Weekly Pivot = 79.81

Weekly - S1 = 79.54

Weekly - S2 = 79.16

Weekly - S3 = 78.89

____MONTHLY______

Monthly - R3 = 85.74

Monthly - R2 = 84.51

Monthly - R1 = 82.18

Monthly Pivot = 80.95

Monthly - S1 = 78.62

Monthly - S2 = 77.39

Monthly - S3 = 75.06

AUD/USD

_____WEEKLY_____

Weekly - R3 = 1.0355

Weekly - R2 = 1.0287

Weekly - R1 = 1.0153

Weekly Pivot = 1.0085

Weekly - S1 = 0.9951

Weekly - S2 = 0.9883

Weekly - S3 = 0.9749

_____MONTHLY____

Monthly - R3 = 1.0774

Monthly - R2 = 1.0624

Monthly - R1 = 1.0527

Monthly Pivot = 1.0377

Monthly - S1 = 1.0280

Monthly - S2 = 1.0130

Monthly - S3 = 1.0033

GBP/USD

____WEEKLY_____

Weekly - R3 = 1.6294

Weekly - R2 = 1.6246

Weekly - R1 = 1.6157

Weekly Pivot = 1.6109

Weekly - S1 = 1.6020

Weekly - S2 = 1.5972

Weekly - S3 = 1.5883

_____MONTHLY____

Monthly - R3 = 1.6920

Monthly - R2 = 1.6610

Monthly - R1 = 1.6423

Monthly Pivot = 1.6113

Monthly - S1 = 1.5926

Monthly - S2 = 1.5616

Monthly - S3 = 1.5429

Good Luck!