USDJPY is negotiating within the Kumo.

April 15, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0730 1.0806 1.0906
Support 1.0554 1.0454 1.0378
Primary Scenario EURUSD has experienced strong resistance, before closing below the daily pivot (1.0630). The pair will attempt to retest the key support at 1.0554 and a successful breach of this level will most likely pave the way down to 1.0454.
Alternative Scenario An upward wave would lift the market above the daily pivot point, towards the resistance level at 1.0730.

 




GBPUSD H4
Resistance 1.4852 1.4926 1.5051
Support 1.4654 1.4529 1.4456
Primary Scenario The pair recovered from the previous low, after surpassing the daily pivot at 1.4727. If bulls manage to take control of the bears, the next resistance is seen at 1.4852 and even higher at 1.4926.
Alternative Scenario A plunge of GBPUSD below the daily pivot will push prices to find support at 1.4654.

 

 

USDCHF H4
Resistance 0.9784 0.9850 0.9906
Support 0.9663 0.9606 0.9541
Primary Scenario USDCHF seems that end its correction course and is now poised to retest the hurdle at 0.9784. If the pair manages to withstand the sellers’ pressure, it will climb towards the next resistance level at 0.9850.
Alternative Scenario Alternatively, a fruitless attempt to move higher will lead the pair to violate the daily pivot (0.9728), sliding down to the support level at 0.9663.

 

USDJPY H4
Resistance 119.81 120.22 120.84
Support 119.56 119.06 118.71
Primary Scenario USDJPY is negotiating within the Kumo. Any decisive movement to the south will trigger the market to eliminate the lower level of the cloud (119.56), targeting the support levels at 119.06 and further down to 118.71.
Alternative Scenario On the other hand, any upside momentum to exceed the upper level of the cloud (119.81) will lead the pair to exit the cloud, with bullish sentiment towards the resistance level at 120.22.

 

AUDUSD H4
Resistance 0.7662 0.7702 0.7756
Support 0.7569 0.7515 0.7475
Primary Scenario The pair is pivoting around the daily pivot at 0.7608. A tumble of AUDUSD below the critical support at 0.7569 will push the exchange rate into fresh lows down to 0.7515 and even lower at 0.7475.
Alternative Scenario Should the pair achieve to penetrate the daily pivot, it will target the resistance level at 0.7662.

 

 

Article by ForexTime

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