USDJPY still keeps its bullish momentum.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.2462 1.2546 1.2638
Support 1.2286 1.2195 1.2110
Primary Scenario EURUSD is hovering slightly above the daily pivot at 1.2371. A bounce up from current levels will lead the pair to retest the hurdle at 1.2462. A successful surpass of this level will lift the currency rate towards the next target at 1.2546.
Alternative Scenario A plunge of the market below the daily pivot, will push the rate underway towards the support at 1.2286.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.5716 1.5761 1.5797
Support 1.5635 1.5599 1.5554
Primary Scenario The pair has just cleared the support level at 1.5635.Further drop of the exchange rate will push prices to find support at the forthcoming level at 1.5599 and even lower at 1.5554.
Alternative Scenario An upward wave would lead GBPUSD to penetrate the resistance at 1.5635. The next resistance is seen at the daily pivot at 1.5680.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9787 0.9863 0.9932
Support 0.9642 0.9573 0.9498
Primary Scenario USDCHF is trading narrowly below the daily pivot (0.9718). A decisive movement downwards will open the way down to the support level at 0.9642 and then lower at 0.9573.
Alternative Scenario Should the pair achieve to exceed the daily pivot, it will climb towards the resistance level at 0.9787.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 120.24 120.77 121.17
Support 119.77 119.32 119.04
Primary Scenario The pair still keeps its bullish momentum. A fruitful attempt to penetrate the barrier at 120.24, it will trigger the market to target the forthcoming resistance level at 120.77 (Fibonacci resistance level 261.8%).
Alternative Scenario A setback of the prices, will push the pair to find support at 119.77. RSI oscillator supports this outlook.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.8421 0.8461 0.8495
Support 0.8348 0.8314 0.8274
Primary Scenario AUDUSD is following a downtrend. A fruitless attempt to exceed the daily pivot (0.8388), it will move the pair to retest the support at 0.8348 and further down at 0.8314.
Alternative Scenario A higher thrust of the market, will lead the pair to move above the daily pivot towards the resistance level at 0.8421.

AUDUSDH4

The post USDJPY still keeps its bullish momentum. appeared first on Forex Circles.

Source:: USDJPY still keeps its bullish momentum.

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