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USDJPY bloodied in today’s session.
| EURUSD | H4 | ||
| Resistance | 1.1345 | 1.1403 | 1.1496 |
| Support | 1.1195 | 1.1102 | 1.1044 |
| Primary Scenario | EURUSD is gyrating around the daily pivot point (1.1252). If the pair manages to surpass the hurdle at 1.1345, it will target the forthcoming resistance level at 1.1403. | ||
| Alternative Scenario | A setback of the exchange rate below the daily pivot will pave the way down to 1.1195. | ||
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GBPUSD | H4 | |
| Resistance | 1.4583 | 1.4649 | 1.4721 |
| Support | 1.4445 | 1.4373 | 1.4307 |
| Primary Scenario | The pair has finally achieved to penetrate the daily pivot at 1.4511 in the previous session. Further increase of GBPUSD will fuel the pair further towards the resistance levels at 1.4583 and 1.4649. | ||
| Alternative Scenario | On the other hand, a plunge of the market below the daily pivot will push prices to find support at 1.4445. | ||
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USDCHF | H4 |  |
| Resistance | 0.9794 | 0.9861 | 0.9904 |
| Support | 0.9684 | 0.9641 | 0.9574 |
| Primary Scenario | USDCHF has finished its correction course and is now trading near the previous low. A drop of the market below the key support level at 0.9684 will open the way down to 0.9641. | ||
| Alternative Scenario | An upward wave would lift the exchange rate above the daily pivot (0.9751), with immediate target the resistance at 0.9794. RSI supports this outlook. | ||
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USDJPY | H4 | |
| Resistance | 113.02 | 113.83 | 114.81 |
| Support | 112.51 | 111.72 | 110.63 |
| Primary Scenario | The pair bloodied in today’s session. If USDJPY manages to extend its downtrend, it will breach the support level at 112.51, targeting the next level at 111.72 and further down to 110.63. RSI is trading within the oversold territory. | ||
| Alternative Scenario | Alternatively, a higher thrust of the market will lead the pair to exceed the hurdle at 113.02. The next resistance is estimated at 113.83. | ||
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AUDUSD | H4 | |
| Resistance | 0.7130 | 0.7171 | 0.7217 |
| Support | 0.7042 | 0.6996 | 0.6955 |
| Primary Scenario | AUDUSD has experienced strong resistance below the barrier at 0.7130. A successful attempt to break this level will trigger the market towards the resistance level at 0.7171. | ||
| Alternative Scenario | Should the pair achieve to violate the daily pivot at 0.7083, the next support is seen at 0.7042. | ||
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