USDJPY is now testing the lower level of the cloud.

Posted On 20 Jan 2015
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EURUSD Technical Analysis
EURUSD H4
Resistance 1.1645 1.1685 1.1733
Support 1.1558 1.1510 1.1470
Primary Scenario EURUSD is gyrating the daily pivot at 1.1598. Any purposeful movement to the south will push the pair to breach the support at 1.1558. If that happens, the market will put pressure to the rate to retest the support level at 1.1510.
Alternative Scenario A surge of the currency pair above the daily pivot will lead the market towards the resistance at 1.1645.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5156 1.5202 1.5226
Support 1.5086 1.5061 1.5015
Primary Scenario A strong move led the pair down to the support level at 1.5061. If GBPUSD manages to extend its momentum, it will breach this level targeting the forthcoming support at 1.5015.
Alternative Scenario A higher thrust of the market will lift the pair above the resistance level at 1.5086 with immediate target the daily pivot point at 1.5132.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.8878 0.8965 0.9134
Support 0.8621 0.8452 0.8365
Primary Scenario USDCHF is trading above the daily pivot point (0.8709). An upward wave would act as a catalyst for the market, to reach the hurdle at 0.8878 and further up at 0.8965.
Alternative Scenario On the other hand, a break below the daily pivot will open the way down to the support level at 0.8621.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 118.68 119.24 119.71
Support 118.04 117.63 117.11
Primary Scenario The pair is now testing the lower level of the cloud. A failed attempt to enter the Kumo, will push the pair to find support at 118.04 and then lower at 117.63.
Alternative Scenario Alternatively, a successful penetration in the cloud will fuel the pair further towards the resistance levels at 118.32 and 118.68.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8236 0.8264 0.8285
Support 0.8187 0.8166 0.8138
Primary Scenario AUDUSD is now poised to violate the support level at 0.8166. The next support is seen at 0.8138.
Alternative Scenario If the pair manages to withstand the sellers’ pressure, it will exceed the hurdle at 0.8187, with immediate target the daily pivot at 0.8215.

AUDUSDH4

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