USDJPY is still rising.

March 28, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1177 1.1191 1.1204
Support 1.1150 1.1137 1.1123
Primary Scenario EURUSD is pivoting around the daily pivot point at 1.1164. A decisive movement to the south will trigger the market to retest and violate the barrier at 1.1150, targeting the forthcoming support levels at 1.1137 and 1.1123.
Alternative Scenario A successful attempt to penetrate the daily pivot will move prices higher towards the resistance level at 1.1177.

GBPUSD H4
Resistance 1.4156 1.4180 1.4204
Support 1.4108 1.4084 1.4060
Primary Scenario The pair is negotiating on the daily pivot point (1.4132). A plunge of the market would open the way down to 1.4108 and even lower at 1.4084.
Alternative Scenario Alternatively, a higher thrust of GBPUSD above the daily pivot will lead the exchange rate to hit the resistance level at 1.4156.

USDCHF H4
Resistance 0.9789 0.9805 0.9825
Support 0.9753 0.9733 0.9716
Primary Scenario USDCHF is trading near the previous high. If the pair manages to withstand the sellers’ pressure, it will retest the hurdle at 0.9789. Further bullish momentum will fuel the pair to surpass this barrier, with immediate target the resistance at 0.9805.
Alternative Scenario A reversal back below the daily pivot point will pave the path down to 0.9753.

USDJPY H4
Resistance 113.70 114.12 114.53
Support 113.41 113.10 112.55
Primary Scenario The USDJPY pair is still rising. If the pair achieves to exceed the barrier at 113.70, it will continue its uptrend, targeting the forthcoming resistance level at 114.12.
Alternative Scenario On the other hand, a tumble of the market will push prices below the key support at 113.41 and further down to 113.10.

AUDUSD H4
Resistance 0.7525 0.7549 0.7563
Support 0.7487 0.7473 0.7449
Primary Scenario AUDUSD is oscillating around the daily pivot (0.7511). A bounce up from current levels would lift the currency pair towards 0.7525 and then higher at 0.7549.
Alternative Scenario A comeback of the exchange rate below the daily pivot will push the pair to find support at 0.7487.

 

Article by ForexTime

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