USDJPY plunged into a multi-year low.

EURUSD Technical Analysis
Resistance 1.1242 1.1293 1.1371
Support 1.1112 1.1034 1.0983
Primary Scenario EURUSD has retested the important resistance level at 1.1242. If the pair manages to withstand the sellers’ pressure, it will eliminate this level, with immediate target the resistance at 1.1293 and further up to 1.1371.
Alternative Scenario A reversal back below the daily pivot point (1.1164) will push prices to find support at 1.1112.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.4532 1.4637 1.4728
Support 1.4337 1.4246 1.4141
Primary Scenario The pair is trading below the daily pivot at 1.4441. Any downward momentum below the support level at 1.4337 will open the way down to 1.4246.
Alternative Scenario On the other hand, a higher thrust above the daily pivot will lift GBPUSD towards the hurdle in line at 1.4532.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9945 1.0024 1.0076
Support 0.9813 0.9761 0.9681
Primary Scenario USDCHF is following a downtrend. If the bears achieve to take control of the bulls and violate the level at 0.9813, the next support is seen at 0.9761 and even lower at 0.9681.
Alternative Scenario An upward wave would fuel the pair to penetrate the daily pivot at 0.9892, targeting the forthcoming resistance level at 0.9945. RSI supports this outlook.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 115.16 115.83 116.43
Support 114.18 113.45 112.87
Primary Scenario The USDJPY pair plunged into a multi-year low. A drop of the market below the key support level at 114.18 will pave the path down to 113.45.
Alternative Scenario Alternatively, if the pair manages to break above the hurdle at 115.16 will bring the market into a correction course. The next resistance is estimated at 115.83. RSI is trading within the oversold zone.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7124 0.7165 0.7202
Support 0.7046 0.7009 0.6969
Primary Scenario AUDUSD cleared the support level at 0.7046. Should the pair manage to extend its momentum, it will target the next support level at 0.7009 and then lower at 0.6969.
Alternative Scenario A successful attempt to penetrate the barrier at 0.7046 will trigger the market to hit the daily pivot at 0.7124.


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Source:: USDJPY plunged into a multi-year low.

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