The USDJPY pair collapsed and found support at the lower level of the Kumo.

EURUSD Technical Analysis
Resistance 1.1345 1.1410 1.1476
Support 1.1215 1.1149 1.1084
Primary Scenario EURUSD has been trapped between the support level at 1.1084 and the resistance level at 1.1345. Any forceful attempt to eliminate the barrier at 1.1345 will most likely lead the exchange rate to target the forthcoming resistance at 1.1410.
Alternative Scenario A tumble of the currency pair will push prices below the daily pivot (1.1279) and then lower at 1.1215.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5428 1.5474 1.5560
Support 1.5297 1.5211 1.5166
Primary Scenario The pair is now testing the resistance level at 1.5428. If GBPUSD manages to penetrate this level, it will reach the next resistances at 1.5474 and 1.5560.
Alternative Scenario Alternatively, a reversal back will push the market to find support at 1.5297.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9342 0.9379 0.9428
Support 0.9256 0.9208 0.9170
Primary Scenario USDCHF is negotiating slightly above the daily pivot point at 0.9294. A bounce up from current levels will trigger the market to hit the resistance level at 0.9342 and further up to 0.9379.
Alternative Scenario A setback of the market will lead the pair below the daily pivot, underway towards the support level at 0.9256.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 123.76 124.22 125.04
Support 122.83 121.99 121.22
Primary Scenario The USDJPY pair collapsed and found support at the lower level of the Kumo. Further drop of the currency pair will open the way into a new bearish outlook, targeting the support levels at 121.99 and 121.22.
Alternative cenario An upward wave would lift the currency pair towards the resistance level at 123.76 and the upper level of the cloud at 124.22. RSI supports this scenario.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7724 0.7760 0.7799
Support 0.7649 0.7609 0.7574
Primary Scenario AUDUSD is revolving around the daily pivot point at 0.7685. An upside momentum would act as a catapult for the pair to leap towards the hurdle at 0.7724 and even higher at 0.7760.
Alternative Scenario A plunge of the exchange rate below the daily pivot will pave the path down to 0.7649.


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Source:: The USDJPY pair collapsed and found support at the lower level of the Kumo.

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