USDJPY overpassed the Kumo, again.

EURUSD Technical Analysis
Primary ScenarioEURUSD is now poised to retest the support level at 1.1134. If the pair manages to violate this level, it will open the way down to 1.1093 and even lower to 1.1030.
Alternative ScenarioA higher thrust of the market will lead the exchange rate to hit the daily pivot point at 1.1197 and then higher at 1.1238.


GBPUSD Technical AnalysisGBPUSDH4
Primary ScenarioThe pair has breached the daily pivot at 1.5148. If GBPUSD manages to extend its momentum, it will target the forthcoming support levels at 1.5084 and 1.5042.
Alternative ScenarioAn upward wave would lift the currency pair above the daily pivot, with immediate target the resistance at 1.5190.


USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF is heading towards the hurdle at 0.9767. A successful attempt to penetrate this level will fuel the pair further, targeting the resistance level at 0.9805.
Alternative ScenarioA setback of the currency pair will push prices to find support at 0.9737 (daily pivot).


USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioThe USDJPY pair has achieved to overpass the Kumo and a new bullish scenario is now in force. A surge of the market will lead the pair to climb towards the resistance level at 120.43 and further up to 120.91.
Alternative ScenarioAlternatively, a comeback of the market will push the pair lower, targeting the support at the upper level of the cloud at 120.02 and the below the Kumo at 119.81.


AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioAUDUSD cleared the key resistance at 0.7041 and is now testing the hurdle at 0.7068. Should the pair manage to exceed this level, the next resistance is seen at 0.7099.
Alternative Scenario.A reversal back would bring the market into a correction course, pushing prices down to 0.7041 and even lower to 0.7010 (daily pivot).


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Source:: USDJPY overpassed the Kumo, again.

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