USDJPY: Still above the Kumo.

Posted On 17 Mar 2015

	EURUSD	H4
Resistance	1.0630	1.0694	1.0770
Support	1.0490	1.0415	1.0350
Primary Scenario	EURUSD is gyrating the daily pivot point at 1.0554. Any decisive movement to the north will lead the market towards the resistance level at 1.0630 and then higher at 1.0694.
Alternative Scenario	A drop of the pair below the daily pivot will open the way down to 1.0490.

	GBPUSD	H4
Resistance	1.4872	1.4920	1.4989
Support	1.4756	1.4688	1.4640
Primary Scenario	The pair has recovered from the previous bottom and it is now poised to retest the hurdle at 1.4872. If GBPUSD manages to take control and overpass the sellers’ pressure, it will target the forthcoming resistance at 1.4920.
Alternative Scenario	A plunge of the market below the daily pivot will push prices to find support at 1.4756.

	USDCHF	H4
Resistance	1.0099	1.0120	1.0159
Support	1.0040	1.0001	0.9981
Primary Scenario	USDCHF is now heading towards the resistance level at 1.0099. A successful attempt to move higher will lead the market to eye the resistance level at 1.0120 and further up at 1.0159.
Alternative Scenario	A reversal back below the daily pivot (1.0061) will lead the market to slide down to 1.0040.

	USDJPY	H4
Resistance	121.46	121.66	122.02
Support	121.12	120.68	120.33
Primary Scenario	The pair is moving sideways, but still above the Kumo. Any fruitful movement upwards will trigger USDJPY to target the resistances at 121.46 and 121.66.
Alternative Scenario	A comeback of the pair will push the pair to find support at 121.12.

	AUDUSD	H4
Resistance	0.7675	0.7710	0.7741
Support	0.7609	0.7578	0.7543
Primary Scenario	AUDUSD is negotiating below the daily pivot at 0.7644. If the pair achieves to breach the support level at 0.7609, it will plunged further down to 0.7578.
Alternative Scenario	An upward wave, would push the pair to penetrate the daily pivot, with immediate target the resistance level at 0.7675.

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Source:: USDJPY: Still above the Kumo.

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