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USDJPY is negotiating within the cloud.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Primary ScenarioEURUSD is revolving above the daily pivot point at 1.1392. A persistent trading above this level will lead the market to retest the hurdle at 1.1464. A successful penetration of this level will most likely lift the pair higher, towards the resistance level at 1.1518.
Alternative ScenarioA comeback of the market below the daily pivot will push prices to find support at 1.1338.



GBPUSD Technical AnalysisGBPUSDH4Up Trend
Primary ScenarioThe pair is trading on the daily pivot (1.5356). A bounce up from current levels will trigger the market to target the resistance levels at 1.5397 and then higher at 1.5442.
Alternative ScenarioOn the other hand, a plunge of the exchange rate to the south will open the way down to the support level at 1.5310.



USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF is following an uptrend. If the pair manages to extend its momentum, it will target the forthcoming resistance at 0.9396 and further up at 0.9427.
Alternative ScenarioA setback of the prices will push the market below the daily pivot, with immediate target the support level at 0.9312.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioThe pair is negotiating within the cloud. If USDJPY manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 119.40 and 119.87.
Alternative ScenarioA drop of the market below the support at 118.82, will push the rate lower down to 118.67.



AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioAUDUSD is heading towards the resistance level at 0.7848. Should the pair achieve to exceed this level, the next resistance is seen at 0.7881.
Alternative ScenarioAlternatively, a reversal back of the market will lead the pair to find support at the daily pivot (0.7795).



The post USDJPY is negotiating within the cloud. appeared first on Forex Circles.

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Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1