Previous Story
USDJPY: A new bearish outlook is now in force.
Posted On 11 Dec 2014
Comment: 0
EURUSD | H4 | ||
Resistance | 1.2475 | 1.2504 | 1.2561 |
Support | 1.2389 | 1.2332 | 1.2303 |
Primary Scenario | The pair edged up at 1.2504, before returning back near to the daily pivot point at 1.2418. If EURUSD manages to gain momentum, it will attempt to retest the hurdle at 1.2475 and then higher the resistance level at 1.2504. | ||
Alternative Scenario | Further correction of the market, will push prices below the daily pivot and even lower at 1.2389. |
The post USDJPY: A new bearish outlook is now in force. appeared first on Forex Circles.