USDJPY has surpassed the upper level of the Kumo.

Posted On 09 Sep 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1236	1.1271	1.1313
Support	1.1159	1.1117	1.1082
Primary Scenario	EURUSD is now testing the support level at 1.1159. A break back below this level will push prices to find support at 1.1117 and even lower to 1.1082.
Alternative Scenario	On the other hand, an upward wave would trigger the pair above the daily pivot (1.1194) and then higher to 1.1236.

	GBPUSD	H4
Resistance	1.5448	1.5502	1.5592
Support	1.5303	1.5213	1.5159
Primary Scenario	A strong movement to the north led GBPUSD above the daily pivot point at 1.5357. A persistent trading above this level will fuel the pair to target the resistance level at 1.5448 and further up to 1.5502.
Alternative Scenario	A comeback of the currency pair below the daily pivot will open the way down to 1.5303.

	USDCHF	H4
Resistance	0.9841	0.9891	0.9963
Support	0.9719	0.9648	0.9597
Primary Scenario	USDCHF has finally managed to penetrate the key resistance level (daily pivot) at 0.9770. If the pair achieves to withstand the sellers’ pressure, the next resistance is seen at 0.9841 and then higher at 0.9891.
Alternative Scenario	A plunge of the pair below the daily pivot will push the rate to hit the support level at 0.9719.

	USDJPY	H4
Resistance	120.44	120.80	121.26
Support	120.21	119.79	118.94
Primary Scenario	The USDJPY pair has surpassed the upper level of the Kumo and a new bullish outlook is now in force. A successful attempt to exceed the hurdle at 120.44 will lift the exchange rate towards the forthcoming resistance at 120.80.
Alternative Scenario	Alternatively, should the pair manage to breach the upper level of the cloud (120.21), the next support is estimated at 119.79.

	AUDUSD	H4
Resistance	0.7063	0.7110	0.7182
Support	0.6943	0.6872	0.6824
Primary Scenario	AUDUSD is now negotiating below the important resistance level at 0.7063. Any decisive movement upwards will lead the pair to penetrate this level with immediate targets the resistance levels at 0.7110 and 0.7182.
Alternative Scenario.	A failed attempt to move higher will push the market to find support at the daily pivot (0.6991) and even lower to 0.6943.

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Source:: USDJPY has surpassed the upper level of the Kumo.

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