USDJPY: The price action remains below the cloud.

EURUSD Technical Analysis
Resistance 1.1321 1.1360 1.1426
Support 1.1215 1.1149 1.1110
Primary Scenario EURUSD has experienced strong resistance above the daily pivot zone (1.1254). If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 1.1321 and 1.1360.
Alternative Scenario A reversal back below the daily pivot point exposes next support at 1.1215.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5646 1.5692 1.5772
Support 1.5519 1.5440 1.5393
Primary Scenario After successfully breaching the daily pivot at 1.5566, the pair gained momentum and surged into fresh highs. If GBPUSD achieves to extend its momentum, it will target the forthcoming resistance level at 1.5646 and even higher at 1.5692.
Alternative Scenario A comeback of the exchange rate will push prices to find support at the daily pivot.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9359 0.9425 0.9468
Support 0.9250 0.9207 0.9140
Primary Scenario USDCHF is still moving sideways. A decisive movement to the south will lead the currency pair to violate the support at 0.9250, with immediate target the support level at 0.9207.
Alternative Scenario On the other hand, a higher thrust of the pair will lift the exchange rate to exceed the daily pivot, targeting the resistance level at 0.9359.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 123.79 124.30 124.95
Support 123.30 122.85 122.44
Primary Scenario The price action remains below the cloud and this is an indication that bearish sentiment still persists. A plunge of USDJPY below the key support at 123.30 will open the way down to 122.85.
Alternative Scenario Alternatively, an upward wave would lead the market to penetrate the hurdle at 123.79. The next resistance is estimated at 124.30.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7792 0.7820 0.7865
Support 0.7720 0.7675 0.7647
Primary Scenario AUDUSD has been gyrating the daily pivot point (0.7748) in the previous sessions. Should the pair manage to exceed the barrier at 0.7792, it will fuel the rate towards the next resistance at 0.7820.
Alternative Scenario A break back below the daily pivot will push the market to find support at 0.7720.


The post USDJPY: The price action remains below the cloud. appeared first on Forex Circles.

Source:: USDJPY: The price action remains below the cloud.

About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply