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USDJPY is negotiating within the cloud.
Posted On 18 Feb 2015
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| EURUSD | H4 | ||
| Resistance | 1.1464 | 1.1518 | 1.1589 |
| Support | 1.1338 | 1.1267 | 1.1213 |
| Primary Scenario | EURUSD is revolving above the daily pivot point at 1.1392. A persistent trading above this level will lead the market to retest the hurdle at 1.1464. A successful penetration of this level will most likely lift the pair higher, towards the resistance level at 1.1518. | ||
| Alternative Scenario | A comeback of the market below the daily pivot will push prices to find support at 1.1338. | ||
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GBPUSD | H4 | |
| Resistance | 1.5397 | 1.5442 | 1.5483 |
| Support | 1.5310 | 1.5270 | 1.5224 |
| Primary Scenario | The pair is trading on the daily pivot (1.5356). A bounce up from current levels will trigger the market to target the resistance levels at 1.5397 and then higher at 1.5442. | ||
| Alternative Scenario | On the other hand, a plunge of the exchange rate to the south will open the way down to the support level at 1.5310. | ||
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USDCHF | H4 | |
| Resistance | 0.9396 | 0.9427 | 0.9479 |
| Support | 0.9312 | 0.9259 | 0.9229 |
| Primary Scenario | USDCHF is following an uptrend. If the pair manages to extend its momentum, it will target the forthcoming resistance at 0.9396 and further up at 0.9427. | ||
| Alternative Scenario | A setback of the prices will push the market below the daily pivot, with immediate target the support level at 0.9312. | ||
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USDJPY | H4 | |
| Resistance | 119.40 | 119.87 | 120.46 |
| Support | 118.82 | 118.67 | 118.22 |
| Primary Scenario | The pair is negotiating within the cloud. If USDJPY manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 119.40 and 119.87. | ||
| Alternative Scenario | A drop of the market below the support at 118.82, will push the rate lower down to 118.67. | ||
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AUDUSD | H4 | |
| Resistance | 0.7848 | 0.7881 | 0.7934 |
| Support | 0.7762 | 0.7709 | 0.7676 |
| Primary Scenario | AUDUSD is heading towards the resistance level at 0.7848. Should the pair achieve to exceed this level, the next resistance is seen at 0.7881. | ||
| Alternative Scenario | Alternatively, a reversal back of the market will lead the pair to find support at the daily pivot (0.7795). | ||
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