By using his own proprietary methods to analyze the state of the market he comes up with his predicted levels of pivot support and resistance.

FORBES: The Most Powerful Pivot Level

Pivot support moving forward is now 1538-1548.

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Next support is the pivot low of 1291-1295 (pivot low from Friday).

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The pivot is the key level of support or resistance and the longer the time period the more important it becomes.

FORBES: The Most Powerful Pivot Level

Over the last 24 hours the 1.3000 level has not acted so much as support or resistance but more as a pivot point as the price has moved about 45 pips both above and below that key level.

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The first good support is at the breakout level at 8030-8075 and then at the quarterly pivot.

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