USDJPY lost its momentum.

March 30, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0955 1.1025 1.1102
Support 1.0807 1.0730 1.0660
Primary Scenario EURUSD is gyrating the daily pivot point at 1.0877. A decisive momentum to the south will push prices to find support at 1.0807 and further down to 1.0730.
Alternative Scenario An upward wave would lead the market to exceed the daily pivot, targeting the resistance level at 1.0955.

 

 

GBPUSD H4
Resistance 1.4931 1.4988 1.5055
Support 1.4806 1.4739 1.4682
Primary Scenario The cable is still moving sideways. A plunge of the market will push GBPUSD to hit the support level at 1.4806 and even lower at 1.4739.
Alternative Scenario Should the pair manage to penetrate the daily pivot (1.4863), it will reach the resistance level at 1.4931.

USDCHF H4
Resistance 0.9680 0.9752 0.9814
Support 0.9546 0.9485 0.9413
Primary Scenario USDCHF is revolving the daily pivot at 0.9619. Any forceful movement the north will trigger the market to retest the hurdle at 0.9680. The next resistance level is seen at 0.9752.
Alternative Scenario A break back below the daily pivot will lead the exchange rate towards the support at 0.9546.

 

USDJPY H4
Resistance 119.48 119.89 120.39
Support 118.93 118.31 117.84
Primary Scenario USDJPY lost its momentum and is trading in the range of 119.48 and 118.93. A downward wave would put pressure to the currency pair to breach the obstacle at 118.93, opening the way down to the forthcoming support level at 118.31.
Alternative Scenario On the other hand, a successful attempt to surpass the hurdle at 119.48 will lift the market towards the resistance level at 119.89.

 

AUDUSD H4
Resistance 0.7807 0.7865 0.7897
Support 0.7717 0.7685 0.7627
Primary Scenario The pair has just violated the key support at 0.7717. If AUDUSD manages to extend its downtrend, it will target the forthcoming support levels at 0.7685 and 0.7627.
Alternative Scenario A reversal back above the now-resistance level at 0.7717 will bring the pair into a correction course towards the daily pivot point at 0.7775.

 

 

Article by ForexTime

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