USDJPY: The bullish climate is still in force.

EURUSD Technical Analysis
Resistance 1.0873 1.0899 1.0942
Support 1.0803 1.0760 1.0734
Primary Scenario EURUSD is gyrating the daily pivot point at 1.0830. If the pair manages to exceed the hurdle at 1.0873, it will target the resistance level at 1.0899.
Alternative Scenario Alternatively, a break back below the daily pivot, would lead the exchange rate down to 1.0803.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.4295 1.4345 1.4381
Support 1.4209 1.4173 1.4123
Primary Scenario The pair is now poised to retest and breach the key support level at 1.4209. If that happens, the next support is seen at 1.4173 and further down to 1.4123.
Alternative Scenario On the other hand, a bounce up from current levels will trigger the market to penetrate the daily pivot (1.4259), targeting the resistance at 1.4295.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 1.0153 1.0182 1.0196
Support 1.0110 1.0095 1.0067
Primary Scenario USDCHF has experienced strong resistance in the previous session. A fruitless attempt to surpass the daily pivot at 1.0138 will push the pair to find support at 1.0110.
Alternative Scenario An upward wave would lift the rate above the daily pivot, with immediate target the resistance at 1.0153.


USDJPY Technical Analysis USDJPY H4
Resistance 118.28 118.85 119.26
Support 117.86 117.65 117.26
Primary Scenario The strength of the market faded and USDJPY is following a correction course. However, the bullish climate is still in force and a higher thrust above the barrier at 118.28 will generate strength for the market to hit the resistance level at 118.85.
Alternative Scenario Should USDJPY achieve to violate the support at 117.86, the next target is estimated at 117.65.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7006 0.7059 0.7087
Support 0.6924 0.6895 0.6842
Primary Scenario AUDUSD is negotiating below the daily pivot point (0.6977). If the bears manage to take control of the bulls, the currency pair will retest the support at 0.6924 and then lower at 0.6895. Further decline of the market will open the way down to 0.6842.
Alternative Scenario. A surge of the exchange rate would fuel the pair towards the daily pivot and further up to 0.7006.


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Source:: USDJPY: The bullish climate is still in force.

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