USDJPY: A new bullish outlook is in force.

EURUSD Technical Analysis
Resistance 1.1677 1.1746 1.1815
Support 1.1540 1.1471 1.1403
Primary Scenario EURUSD has been trapped between the support level at 1.1540 and the resistance level at 1.1677. A decisive movement to the south will push prices to reach the barrier at 1.1540. A breach of this level will open the way down to the support at 1.1471.
Alternative Scenario Alternatively, a surge of the market to surpass the daily pivot at 1.1609, will lift the market to retest the hurdle at 1.1677.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5186 1.5232 1.5288
Support 1.5085 1.5030 1.4983
Primary Scenario The pair is oscillating around the daily pivot at 1.5131. Any forceful movement downwards will push prices to find support at 1.5085. The next support is seen at 1.5030.
Alternative Scenario Should GBPUSD manage to penetrate the daily pivot, it will eye the resistance level at 1.5186.



USDCHF Technical Analysis USDCHF H4
Resistance 0.8743 0.8893 0.9015
Support 0.8471 0.8349 0.8199
Primary Scenario USDCHF is trading narrowly below the daily pivot point at 0.8621. If the pair manages to extend its momentum, it will find support at 0.8471 and further down to 0.8349.
Alternative Scenario On the other hand, a higher thrust of the exchange rate above the daily pivot, will fuel the pair further towards the resistance level at 0.8743.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 118.39 118.87 119.47
Support 117.90 117.23 116.62
Primary Scenario The pair has just breach the upper level of the Kumo and a new bullish outlook is in force. If the market keeps going higher, it will penetrate the hurdle at 118.39, targeting the forthcoming resistance at 118.87.
Alternative Scenario A drop of the market within the cloud, will lead the currency rate down to 117.90 and even lower at 117.23.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8185 0.8287 0.8340
Support 0.8029 0.7975 0.7873
Primary Scenario Today’s plunge led the pair to approach the support level at 0.8029. A successful attempt to violate this level, it will pave the way down to the support level at 0.7975.
Alternative Scenario A reversal back will push the market to reach the daily pivot point at 0.8131.


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Source:: USDJPY: A new bullish outlook is in force.

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