Note: The S/R levels (i.e. likely bank trader order levels) as depicted in their respective timeframes in this and prior articles have not changed, and will probably NEVER change regardless what happens in financial markets. What follows is my own world view, developed from an institutional trading career dating back to 1995.

Major pairs are merely orbiting familiar pivots as trade volumes begin to show signs of slowing down.

In the background, trade issues are back on the scopes as a fresh front is opening up with Trump hiking steel tariffs on Brazilian and Argentine steel. And next week will see the UK finally seeing a resolution of its Brexit woes (maybe) as the nation faces elections.

The following are S/R levels for common pairs for today and probably for much of the week.