USDJPY failed to enter the Kumo.

April 22, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0790 1.0846 1.0911
Support 1.0669 1.0603 1.0547
Primary Scenario EURUSD is now poised to retest the hurdle at 1.0790. A successful attempt to penetrate this level will most likely push the most liquid pair to target the forthcoming resistance at 1.0846.
Alternative Scenario A comeback of the exchange rate will push prices to violate the daily pivot (1.0724) and then lower at 1.0669.

 




GBPUSD H4
Resistance 1.4979 1.5034 1.5096
Support 1.4863 1.4801 1.4746
Primary Scenario The pair is trading narrowly above the daily pivot point at 1.4917. Any purposeful movement to the north will trigger the market to target the resistance levels at 1.4979 and 1.5034.
Alternative Scenario A plunge of GBPUSD below the daily pivot will pave the way down to 1.4963.

 

 

USDCHF H4
Resistance 0.9611 0.9677 0.9729
Support 0.9493 0.9440 0.9375
Primary Scenario USDCHF is now heading towards the support level at 0.9493. A break back below this critical support will lead the market underway towards the next target at 0.9440.
Alternative Scenario On the other hand, a higher thrust of the pair will generate strength for the rate to exceed the daily pivot, with immediate target the resistance at 0.9611.

 

USDJPY H4
Resistance 119.81 120.26 120.84
Support 119.42 119.17 118.78
Primary Scenario The USDJPY pair failed to enter the Kumo. A decisive movement to the south will lead the market to breach the support at 119.42. The next support level is seen at 119.17.
Alternative Scenario Should the pair achieve to enter the Kumo, it will target the upper level of the cloud at 120.26.

AUDUSD H4
Resistance 0.7747 0.7785 0.7817
Support 0.7676 0.7644 0.7605
Primary Scenario A strong bullish momentum led AUDUSD to clear the daily pivot (0.7714) and the resistance at 0.7747. If the pair manages to withhold the sellers’ pressure, it will eliminate 0.7785, targeting the forthcoming resistance at 0.7817.
Alternative Scenario Alternatively, a reversal back will push prices to find support at 0.7747.

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Article by ForexTime

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