The USDJPY pair is still under pressure.

EURUSD Technical Analysis
Resistance 1.1100 1.1172 1.1221
Support 1.0979 1.0930 1.0858
Primary Scenario EURUSD plunged below the daily pivot (1.1051) in the previous session. If the pair manages to extend its bearish momentum, the next support is seen at 1.0797 and further down to 1.0930.
Alternative Scenario A higher thrust of the daily pivot will lead the exchange rate towards the resistance level at 1.1100.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4283 1.4418 1.4531
Support 1.4034 1.3921 1.3785
Primary Scenario The pair is heading south and is about to retest the support level at 1.4034. A break back below this level will push GBPUSD underway down to 1.3921.
Alternative Scenario Alternatively, an upward wave would fuel the pair above the daily pivot at 1.4169, with immediate target the hurdle in line at 1.4283.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 1.0033 1.0074 1.0147
Support 0.9920 0.9848 0.9807
Primary Scenario USDCHF is negotiating on the daily pivot point at 0.9961. A decisive movement to the north will trigger the market to target the resistance level at 1.0033 and even higher at 1.0074.
Alternative Scenario A comeback of the currency pair below the daily pivot will pave the path down to 0.9920.


USDJPY Technical Analysis USDJPY H4
Resistance 112.55 113.04 113.48
Support 112.29 111.65 110.96
Primary Scenario The USDJPY pair is still under pressure. If the pair achieves to violate the key support t 112.59, it will open the way down to 111.65 and then lower into fresh lows at 110.96.
Alternative Scenario On the other hand, should the pair manage to penetrate the barrier at 112.55, the next resistance is estimated at 113.04.


AUDUSD Technical Analysi AUDUSD H4 up-trend
Resistance 0.7269 0.7313 0.7380
Support 0.7158 0.7091 0.7048
Primary Scenario AUDUSD surged above the daily pivot (0.7202). If the pair manages to withstand the sellers’ pressure, it will target the resistance level at 0.7269 and further up to 0.7313.
Alternative Scenario A setback of the currency pair below the daily pivot will push prices to find support at 0.7158.


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