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USDJPY is moving sideways, but still above the Kumo.
EURUSD | H4 | ||
Resistance | 1.1339 | 1.1360 | 1.1379 |
Support | 1.1299 | 1.1280 | 1.1259 |
Primary Scenario | EURUSD has experienced strong resistance at the daily pivot area (1.1320). Any forceful attempt to breach the key support at 1.1299 will most likely push the pair to find support at 1.1280. | ||
Alternative Scenario | A successful attempt to exceed the daily pivot point will fuel the exchange rate towards 1.1339. |
The post USDJPY is moving sideways, but still above the Kumo. appeared first on FXTM Blog.
Source:: USDJPY is moving sideways, but still above the Kumo.