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EURUSD: Still in a bullish outlook.
| EURUSD | H4 | ||
| Resistance | 1.1502 | 1.1556 | 1.1645 |
| Support | 1.1359 | 1.1269 | 1.1216 |
| Primary Scenario | A strong movement to the north led EURUSD to surpass the daily pivot point (1.1413). Strengthening of the bullish momentum will most likely trigger the market to target the forthcoming resistance at 1.1502 and further up to 1.1556. | ||
| Alternative Scenario | Should the pair manage to break below the daily pivot, the next support is seen at 1.1359. | ||
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GBPUSD | H4 |  |
| Resistance | 1.5790 | 1.5852 | 1.5897 |
| Support | 1.5683 | 1.5638 | 1.5576 |
| Primary Scenario | GBPUSD is trading slightly below the daily pivot at 1.5745. Further drop of the market will push prices to find support at 1.5683 and then deeper towards the support level at 1.5638. | ||
| Alternative Scenario | A higher thrust of the exchange rate will lift the market to exceed the daily pivot, targeting the resistance level at 1.5790. | ||
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USDCHF | H4 | |
| Resistance | 0.9234 | 0.9314 | 0.9374 |
| Support | 0.9093 | 0.9034 | 0.8953 |
| Primary Scenario | The pair is gyrating the daily pivot at 0.9174. A decisive upward movement will generate strength for USDCHF to retest the hurdle at 0.9234 and even higher at 0.9314. | ||
| Alternative Scenario | On the other hand, a failed attempt to move higher will lead the pair to violate the daily pivot, opening the way down to 0.9093. | ||
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USDJPY | H4 | |
| Resistance | 119.76 | 119.92 | 120.26 |
| Support | 119.49 | 119.21 | 118.88 |
| Primary Scenario | USDJPY is negotiating within the Kumo. A fruitful attempt to penetrate the barrier at 119.76 will fuel the pair further towards 119.92 and even higher at 120.26. | ||
| Alternative Scenario | Alternatively, if the bears over-weigh the bulls momentum, it will drop down to 119.49 and further down, out of the cloud at 119.21. | ||
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AUDUSD | H4 | |
| Resistance | 0.8081 | 0.8131 | 0.8174 |
| Support | 0.7989 | 0.7945 | 0.7896 |
| Primary Scenario | AUDUSD has experienced strong resistance at the daily pivot area (0.8038). A downward wave would push the pair to breach the support level at 0.7989, targeting the forthcoming level at 0.7945. | ||
| Alternative Scenario | A surge of the currency pair above the daily pivot will target the resistance at 0.8081. | ||
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Source:: EURUSD: Still in a bullish outlook.
