USDJPY: The bullish scenario is still in effect.

EURUSD Technical Analysis
Resistance 1.2587 1.2629 1.2683
Support 1.2492 1.2438 1.2396
Primary Scenario EURUSD is trading at the daily pivot at 1.2534. Any decisive movement downwards will open the way towards the support level at 1.2492 and then lower at 1.2438.
Alternative Scenario A higher thrust of the pair will lead the rate above the daily pivot zone up to the resistance level at 1.2587.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.6022 1.6044 1.6073
Support 1.5972 1.5943 1.5921
Primary Scenario The pair has violated the daily pivot (1.5993) and cleared the support level at 1.5972. A sustained trading below this level will push prices lower to find support at 1.5943 and even lower at 1.5921.
Alternative Scenario An upward wave could be a catalyst for the market to surpass the resistance level at 1.5972 and further up at the daily pivot.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9644 0.9691 0.9723
Support 0.9565 0.9532 0.9486
Primary Scenario USDCHF is negotiating below the daily pivot at 0.9611. Any forceful movement to the south, will lead the pair to retest the key support at 0.9565. A breach of this level will pave the way down to the next target at 0.9532.
Alternative Scenario A successful attempt to exceed the daily pivot, will lift the currency rate to the hurdle at 0.9644.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 114.81 115.84 117.58
Support 114.21 113.17 112.52
Primary Scenario The bullish outlook is still in effect. If the pair manages to extend its uptrend, it will climb towards the resistance levels at 114.81 and 115.84 (Fibonacci resistance levels 161.8% and 261.8&).
Alternative Scenario A break back below the support at 114.21, will push the market to find support at 113.17. RSI oscillator supports this scenario.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8775 0.8813 0.8878
Support 0.8671 0.8606 0.8568
Primary Scenario AUDUSD is oscillating the daily pivot (0.8710). Any purposeful movement downwards, will push the pair to target the support at 0.8671 and further down to 0.8606.
Alternative Scenario If the history repeats, the exchange rate will penetrate the daily pivot, targeting the hurdle at 0.8775.


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