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USDJPY is still moving sideways.
| EURUSD | H4 | ||
| Resistance | 1.1181 | 1.1221 | 1.1250 |
| Support | 1.1112 | 1.1083 | 1.1044 |
| Primary Scenario | EURUSD bounced up from the previous low at 1.1112. A successful attempt to penetrate the hurdle in line at 1.1181 will trigger the market to hit the next resistance level at 1.1221. | ||
| Alternative Scenario | A tumble of the market will push prices below the daily pivot (1.1152), with immediate target the forthcoming support level at 1.1112. | ||
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GBPUSD | H4 |  |
| Resistance | 1.4452 | 1.4603 | 1.4692 |
| Support | 1.4212 | 1.4124 | 1.3973 |
| Primary Scenario | The pair has finally violated the key support level at 1.4363 (daily pivot). A deeper plunge of GBPUSD would open the way further towards the support levels at 1.4212 and 1.4124. | ||
| Alternative Scenario | Alternatively, a higher thrust of the exchange rate will lead the market above the daily pivot, targeting the resistance level at 1.4452. | ||
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USDCHF | H4 | |
| Resistance | 0.9902 | 0.9923 | 0.9951 |
| Support | 0.9853 | 0.9825 | 0.9805 |
| Primary Scenario | USDCHF topped up at 0.9902, before retracing below the daily pivot at 0.9874. If the pair manages to breach the support level at 0.9853, the next support is seen at 0.9825. | ||
| Alternative Scenario | An upward wave above the daily pivot would trigger the market to retest the resistance at 0.9902. | ||
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USDJPY | H4 | |
| Resistance | 114.13 | 114.87 | 115.50 |
| Support | 113.56 | 113.10 | 112.39 |
| Primary Scenario | The pair is still moving sideways. A decisive movement to the south will push USDJPY to eliminate the support level at 113.56. The next support is estimated at 113.56 and even lower at 112.39. | ||
| Alternative Scenario | On the other hand, a surge of the market above the barrier at 114.13 would lead the rate within the cloud, targeting 114.87. | ||
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AUDUSD | H4 | |
| Resistance | 0.7164 | 0.7223 | 0.7264 |
| Support | 0.7064 | 0.7022 | 0.6964 |
| Primary Scenario | AUDUSD is negotiating below the daily pivot point at 0.7122. Any forceful attempt to breach the support level at 0.7064 would lead the pair underway towards the forthcoming level at 0.7022. | ||
| Alternative Scenario | Should the pair manage to surpass the daily pivot, it will climb towards the resistance level at 0.7164. | ||
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Source:: USDJPY is still moving sideways.
