USDJPY overpassed the Kumo, again.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.1238 1.1301 1.1342
Support 1.1134 1.1093 1.1030
Primary Scenario EURUSD 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 Scenario A 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.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5190 1.5254 1.5295
Support 1.5084 1.5042 1.4978
Primary Scenario The 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 Scenario An upward wave would lift the currency pair above the daily pivot, with immediate target the resistance at 1.5190.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9767 0.9805 0.9836
Support 0.9699 0.9668 0.9630
Primary Scenario USDCHF 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 Scenario A setback of the currency pair will push prices to find support at 0.9737 (daily pivot).

USDCHFH4

USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 120.43 120.91 121.22
Support 120.02 119.81 119.55
Primary Scenario The 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 Scenario Alternatively, 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.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.7041 0.7068 0.7099
Support 0.6983 0.6952 0.6925
Primary Scenario AUDUSD 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).

AUDUSDH4

The post USDJPY overpassed the Kumo, again. appeared first on Forex Circles.

Source:: USDJPY overpassed the Kumo, again.

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