The USDJPY pair maintains a positive tone.

Posted On 25 Jan 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0851	1.0907	1.0938
Support	1.0764	1.0732	1.0676
Primary Scenario	EURUSD is negotiating below the daily pivot point at 1.0819. A persistent trading below this level will lead the exchange rate to find support at 1.0764 and even lower at 1.0732.
Alternative Scenario	If the pair manages to exceed the daily pivot, it will lift the market towards the resistance level at 1.0851.

	GBPUSD	H4
Resistance	1.4346	1.4432	1.4503
Support	1.4188	1.4117	1.4030
Primary Scenario	Price is trapped around the daily pivot point, lacking a clear direction. A successful attempt to penetrate the barrier at 1.4346 will fuel GBPUSD higher towards the resistance level at 1.4432.
Alternative Scenario	Alternatively, should the pair achieve to violate the daily pivot, it will push prices down to 1.4188.

	USDCHF	H4
Resistance	1.0191	1.0227	1.0290
Support	1.0091	1.0029	0.9992
Primary Scenario	USDCHF has finally surpassed the daily pivot (1.0128). A bounce up from current levels will trigger the market to hit the resistance level at 1.0191 and further up to 1.0227.
Alternative Scenario	A reversal back below the daily pivot will open the way down to 1.0091.

	USDJPY	H4
Resistance	118.88	119.26	119.68
Support	118.41	117.98	117.67
Primary Scenario	The USDJPY pair maintains a positive tone. If the pair manages to withstand the sellers’ pressure, the next resistance is estimated at 118.88 and even higher at 119.26.
Alternative Scenario	On the other hand, a plunge of the rate below the support at 118.41 will pave the path down to 117.98.

	AUDUSD	H4
Resistance	0.7034	0.7069	0.7094
Support	0.6974	0.6950	0.6915
Primary Scenario	AUDUSD is now poised to retest the hurdle at 0.7034. If the market keeps going higher, it will eliminate this barrier, targeting the forthcoming resistance levels at 0.7069 and then higher at 0.7094.
Alternative Scenario.	A comeback of the exchange rate below the daily pivot point (0.7010) will push the pair to find support at 0.6974.

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