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USDJPY bottomed at 118.05.
| EURUSD | H4 | ||
| Resistance | 1.1467 | 1.1546 | 1.1598 |
| Support | 1.1335 | 1.1283 | 1.1204 |
| Primary Scenario | EURUSD edged up at 1.1494, before closing below the daily pivot point at 1.1415. If the pair manages to break below the support level at 1.1335, the next target is seen at 1.1283. | ||
| Alternative Scenario | An upward wave would lead the exchange rate above the daily pivot, with immediate target the resistance at 1.1467. | ||
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GBPUSD | H4 |  |
| Resistance | 1.5500 | 1.5550 | 1.5593 |
| Support | 1.5407 | 1.5364 | 1.5313 |
| Primary Scenario | The pair is negotiating near the previous top, slightly below the hurdle at 1.5500. A decisive movement to the north will generate strength for the market to penetrate this level, targeting the resistance at 1.5550. | ||
| Alternative Scenario | Alternatively, a plunge of GBPUSD below the daily pivot (1.5474) will push prices to find support at 1.5407. | ||
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USDCHF | H4 | |
| Resistance | 0.9542 | 0.9585 | 0.9618 |
| Support | 0.9466 | 0.9432 | 0.9389 |
| Primary Scenario | USDCHF has achieved to surpass the daily pivot at 0.9509. A bounce up from current levels will most likely bring the market into a correction course towards the resistance levels at 0.9542 and 0.9585. | ||
| Alternative Scenario | Should the pair manage to breach the daily pivot, the next support is seen at 0.9466. | ||
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USDJPY | H4 | |
| Resistance | 119.24 | 119.61 | 120.04 |
| Support | 119.04 | 118.61 | 118.05 |
| Primary Scenario | The pair bottomed at 118.05, before the correction up to 119.24. A fruitless attempt for further correction, will push USDJPY to violate the support at 119.04, opening the way down to 118.61. | ||
| Alternative Scenario | On the other hand, a successful attempt to exceed the hurdle at 119.24 will lift the currency pair towards the lower level of the cloud at 119.61. | ||
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AUDUSD | H4 | |
| Resistance | 0.7369 | 0.7414 | 0.7466 |
| Support | 0.7271 | 0.7219 | 0.7173 |
| Primary Scenario | AUDUSD is trading slightly above the support level at 0.7271. A tumble of the market will lead the pair to breach this level, targeting the forthcoming support at 0.7219 and further down to 0.7173. | ||
| Alternative Scenario. | A higher thrust of the exchange rate will fuel the pair to penetrate the daily pivot (0.7317). The next resistance is seen at 0.7369. | ||
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Source:: USDJPY bottomed at 118.05.
