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USDJPY: The trend has been overall neutral this week.
EURUSD | H4 | ||
Resistance | 1.1345 | 1.1417 | 1.1551 |
Support | 1.1140 | 1.1006 | 1.0934 |
Primary Scenario | EURUSD turned sharply bullish in the previous session. A sustained trading above the daily pivot point at 1.1212 will most likely trigger the market to target the forthcoming resistance level at 1.1345 and further up to 1.1417. | ||
Alternative Scenario | A plunge of the exchange rate below the daily pivot will push prices to find support at 1.1140. RSI oscillator supports this scenario. |
The post USDJPY: The trend has been overall neutral this week. appeared first on Forex Circles.
Source:: USDJPY: The trend has been overall neutral this week.