USDJPY surged into multi-year highs.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.0948 1.0993 1.1057
Support 1.0838 1.0773 1.0728
Primary Scenario EURUSD bounced up from the previous bottom and reached the hurdle at 1.0948. A successful penetration of this level will most likely fuel the pair further towards the resistance level at 1.0993.
Alternative Scenario A comeback of the currency pair will push the rate below the daily pivot and even lower at 1.0838.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5424 1.5497 1.5559
Support 1.5288 1.5227 1.5153
Primary Scenario The pair is now testing the daily pivot point at 1.5362. If GBPUSD manages to withhold the sellers’ pressure, the next resistance is seen at 1.5424 and further up at 1.5497.
Alternative Scenario Should the pair achieve to violate the daily pivot, it will drop further towards the support level at 1.5288.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9534 0.9576 0.9610
Support 0.9459 0.9424 0.9383
Primary Scenario USDCHF is following a correction course. Further drop of the market will push the pair to find support at 0.9459 and then deeper at 0.9424.
Alternative Scenario Alternatively, an upward wave would lift the exchange rate to exceed the daily pivot (0.9500), targeting the hurdle at 0.9534.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 124.30 124.92 125.80
Support 123.48 122.76 121.82
Primary Scenario The pair surged into multi-year highs. If USDJPY manages to extend its uptrend, it will surpass the barrier at 124.30, with immediate target the forthcoming resistance at 124.92.
Alternative Scenario A break back below the support level at 123.48 will bring the market to a correction phase, pushing the rate lower down to 122.76. RSI oscillator supports this outlook.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7763 0.7804 0.7840
Support 0.7686 0.7649 0.7609
Primary Scenario AUDUSD intends to breach the key support level at 0.7686. If that happens,the next support is seen at 0.7649 and even lower at 0.7609.
Alternative Scenario An upward wave would trigger the market to target the daily pivot point at 0.7727 and further up to 0.7763.

AUDUSDH4

The post USDJPY surged into multi-year highs. appeared first on Forex Circles.

Source:: USDJPY surged into multi-year highs.

About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]

Related Posts

Leave a Reply

*