USDJPY achieved to exit the cloud.

EURUSD Technical Analysis
Resistance 1.2504 1.2543 1.2563
Support 1.2445 1.2425 1.2386
Primary Scenario EURUSD is now testing the support level at 1.2445. A decisive movement downwards, will pave the way towards the next support level at 1.2425 and even lower at 1.2386.
Alternative Scenario A surge of the pair will lift the market up to the daily pivot (1.2484) and then higher at 1.2504.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5800 1.5867 1.5909
Support 1.5692 1.5649 1.5583
Primary Scenario The pair edged up at 1.5824, before closing below the daily pivot at 1.5758. If GBPUSD manages to extend its bearish momentum, it will target the support level at 1.5692 and 1.5649.
Alternative Scenario Alternatively, a comeback of the market, will lead the pair up to the daily pivot.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9655 0.9671 0.9700
Support 0.9611 0.9582 0.9566
Primary Scenario USDCHF has just exceeded the hurdle at 0.9655. A sustained trading above this level, will trigger the market to proceed higher to the resistance level at 0.9671. The next resistance is seen at 0.9700.
Alternative Scenario A setback of the currency rate will push prices to breach the support at 0.9655 and further down to to the daily pivot at 0.9626.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 118.33 118.57 118.97
Support 118.12 117.90 117.75
Primary Scenario USDJPY achieved to exit the cloud. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 118.33 and then higher at 118.57.
Alternative Scenario A plunge of the market below the support level at 118.12, will lead the market lower to the forthcoming support at 117.90.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8595 0.8647 0.8680
Support 0.8509 0.8476 0.8424
Primary Scenario The pair bounced up from the previous bottom and is now testing the resistance level at 0.8509. A fruitless attempt to penetrate this level, will push AUDUSD back towards the barrier at 0.8476 and further down at 0.8424.
Alternative Scenario A successful attempt to exceed the hurdle at 0.8509, will fuel the pair further up to the daily pivot point at 0.8562.


The post USDJPY achieved to exit the cloud. appeared first on Forex Circles.

Source:: USDJPY achieved to exit the cloud.

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 [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Leave a Reply