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USDJPY: A new bullish outlook is in force.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.16771.17461.1815
Support1.15401.14711.1403
Primary ScenarioEURUSD has been trapped between the support level at 1.1540 and the resistance level at 1.1677. A decisive movement to the south will push prices to reach the barrier at 1.1540. A breach of this level will open the way down to the support at 1.1471.
Alternative ScenarioAlternatively, a surge of the market to surpass the daily pivot at 1.1609, will lift the market to retest the hurdle at 1.1677.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.51861.52321.5288
Support1.50851.50301.4983
Primary ScenarioThe pair is oscillating around the daily pivot at 1.5131. Any forceful movement downwards will push prices to find support at 1.5085. The next support is seen at 1.5030.
Alternative ScenarioShould GBPUSD manage to penetrate the daily pivot, it will eye the resistance level at 1.5186.

GBPUSDH4

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Down Trend
Resistance0.87430.88930.9015
Support0.84710.83490.8199
Primary ScenarioUSDCHF is trading narrowly below the daily pivot point at 0.8621. If the pair manages to extend its momentum, it will find support at 0.8471 and further down to 0.8349.
Alternative ScenarioOn the other hand, a higher thrust of the exchange rate above the daily pivot, will fuel the pair further towards the resistance level at 0.8743.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance118.39118.87119.47
Support117.90117.23116.62
Primary ScenarioThe pair has just breach the upper level of the Kumo and a new bullish outlook is in force. If the market keeps going higher, it will penetrate the hurdle at 118.39, targeting the forthcoming resistance at 118.87.
Alternative ScenarioA drop of the market within the cloud, will lead the currency rate down to 117.90 and even lower at 117.23.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.81850.82870.8340
Support0.80290.79750.7873
Primary ScenarioToday’s plunge led the pair to approach the support level at 0.8029. A successful attempt to violate this level, it will pave the way down to the support level at 0.7975.
Alternative ScenarioA reversal back will push the market to reach the daily pivot point at 0.8131.

 

AUDUSDH4

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