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USDJPY still keeps its bullish momentum.
Posted On 05 Dec 2014
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| 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. | ||
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GBPUSD | H4 |  |
| 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. | ||
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USDCHF | H4 | |
| 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. | ||
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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. | ||
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AUDUSD | H4 | |
| 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. | ||
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