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USDJPY is trading above the cloud.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.12331.12731.1302
Support1.11641.11351.1095
Primary ScenarioEURUSD still experiences strong pressure below the daily pivot at 1.1204. If the pair manages to extend its downtrend, it will breach the barrier at 1.1164, targeting the forthcoming support level at 1.1135 and further down to 1.1095.
Alternative ScenarioAn upward wave, would act as a catalyst for the market for a correction up to the daily pivot and even higher at 1.1233.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.54671.54991.5541
Support1.53931.53511.5318
Primary ScenarioGBPUSD is gyrating the daily pivot at 1.5425. A plunge of the pair below the support level at 1.5393, it will open the way down to 1.5351 and then lower at 1.5318.
Alternative ScenarioIf the exchange rate successfully manages to exceed the daily pivot, it will climb towards the resistance level at 1.5467.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.95690.96040.9664
Support0.94730.94130.9378
Primary ScenarioThe pair is surging near the previous top at 0.9569. Should USDCHF achieve to surpass this level, it will trigger the market to reach the next resistance at 0.9604.
Alternative ScenarioA comeback of the market will push prices to find support at the daily pivot at 0.9509.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance119.94120.47120.83
Support119.63119.34118.83
Primary ScenarioUSDJPY is trading above the cloud. If the pair manages to withstand the sellers’ pressure, it will generate strength for the market to penetrate the resistance at 119.94, with immediate target the resistance at 120.47.
Alternative ScenarioA setback of the rate, will push the pair to breach the support level at 119.63 and then lower at 119.34, the upper level of the Kumo.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.78340.78620.7891
Support0.77770.77480.7720
Primary ScenarioThe pair is now testing the key resistance at 0.7777. A failed attempt to exceed this level will push the market to find support at 0.7748. The next support is seen at 0.7720.
Alternative ScenarioA surge of the market above the hurdle at 0.7777 will lift the currency pair towards the daily pivot at 0.7805.

 

AUDUSDH4

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