USDJPY: The pair is currently showing some hesitancy in the area.

September 23, 2014

Article by ForexTime

EURUSD H4
Resistance 1.2871 1.2895 1.2923
Support 1.2820 1.2792 1.2769
Primary Scenario EURUSD is gyrating the daily pivot at 1.2843. An impulsive movement upwards will bring the pair into a correction course from its major trend, targeting the resistance levels at 1.2871 and 1.2895.
Alternative Scenario A setback of the market, will violate the daily pivot. The exchange rate will most likely retest the support at 1.2820.

 

GBPUSD H4
Resistance 1.6388 1.6416 1.6466
Support 1.6310 1.6260 1.6232
Primary Scenario The pair is heading to the hurdle at 1.6388. A successful attempt to penetrate this level, will trigger the market to move higher towards the resistance level at 1.6416 and then higher at 1.6466.
Alternative Scenario On the other hand, a reversal movement back will push prices to find support at the daily pivot (1.6338) and even lower at 1.6310.

 

USDCHF H4
Resistance 0.9419 0.9440 0.9461
Support 0.9377 0.9357 0.9335
Primary Scenario USDCHF is pivoting around the daily pivot at 0.9398. Any decisive movement downwards will lead the pair to drop and retest the support at 0.9377 and further down to 0.9357.
Alternative Scenario A surge of the market, will generate strength for the exchange rate to exceed the daily pivot. The next resistance is seen at 0.9419.

 

USDJPY H4
Resistance 108.87 109.44 109.98
Support 108.58 108.27 107.95
Primary Scenario The pair is currently showing some hesitancy in the area. A bounce up of USDJPY, will accelerate the market to surpass the hurdle at 108.87 and target higher the resistance level at 109.44.
Alternative Scenario Alternatively, a breach of the key support at 108.58 will push prices lower to the forthcoming support at 108.27.

 

AUDUSD H4
Resistance 0.8929 0.8987 0.9025
Support 0.8833 0.8794 0.8736
Primary Scenario AUDUSD is now poised to test the resistance level at 0.8929. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance at 0.8987 and further higher at 0.9025.
Alternative Scenario Any forceful movement to the south, will lead the pair below the daily pivot point (0.8890) and then lower to 0.8833.

 

 

Article by ForexTime

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