USDJPY: Another fresh high.

EURUSD Technical Analysis
Resistance 1.2597 1.2640 1.2683
Support 1.2510 1.2468 1.2424
Primary Scenario EURUSD is oscillating around the daily pivot (1.2554). Any purposeful movement to the south, will push prices below the barrier at 1.2510 and then lower at 1.2468.
Alternative Scenario A successful attempt to penetrate the daily pivot level, will lift the pair towards the resistance at 1.2597.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5737 1.5793 1.5867
Support 1.5607 1.5533 1.5476
Primary Scenario The pair is trading narrowly above the daily pivot point at 1.5663. An upward wave, could act as a catapult for GBPUSD to target the resistance levels at 1.5737 and 1.5793.
Alternative Scenario A break back below the daily pivot at 1.5663, will open the way towards the forthcoming support at 1.5607.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9602 0.9635 0.9670
Support 0.9533 0.9498 0.9465
Primary Scenario The trend has been neutral in the today’s session. A bounce up from current levels, will trigger the market to hit the hurdle at 0.9602. The next resistance is seen at 0.9635.
Alternative Scenario A dip of USDCHF will lead the exchange rate below the daily pivot (0.9566) and further down to 0.9533.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 119.13 119.77 120.61
Support 118.07 117.73 117.08
Primary Scenario The USDJPY pair has jumbed into a fresh high at 118.70. If the pair manages to withstand the bears pressure, it will gain momentum to climb towards the resistance level at 119.13 and even higher at 119.77.
Alternative Scenario A plunge of the pair will bring the market into a correction phase and the rate will eye the support at 118.07. The next support is estimated at 117.73. RSI oscillator supports this scenario.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8690 0.8764 0.8809
Support 0.8572 0.8527 0.8453
Primary Scenario AUDUSD is heading to the support level at 0.8572. A breach of this level will pave the way towards the next target at 0.8527 and then lower at 0.8453.
Alternative Scenario A higher thrust of the pair will trigger the market to reach the daily pivot at 0.8646 and even higher at 0.8690.


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