USDJPY propelled to this month top at 113.72.

March 29, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1224 1.1255 1.1291
Support 1.1157 1.1121 1.1090
Primary Scenario After reaching the hurdle at 1.1219, the strength of EURUSD faded and returned slightly below the daily pivot at 1.1188. Any purposeful movement to the south will push prices to find support at 1.1157 and then lower at 1.1121.
Alternative Scenario A surge of the pair above the daily pivot will lead the exchange rate to retest the resistance at 1.1224.

GBPUSD H4
Resistance 1.4315 1.4380 1.4479
Support 1.4152 1.4054 1.3989
Primary Scenario GBPUSD surpassed the daily pivot point (1.4217) in the previous session. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance levels at 1.4315 and 1.4380.
Alternative Scenario On the other hand, a break back below the daily pivot will open the way down to 1.4152.

USDCHF H4
Resistance 0.9773 0.9810 0.9836
Support 0.9709 0.9684 0.9646
Primary Scenario USDCHF is negotiating slightly below the daily pivot at 0.9747. Any decisive movement downwards will push the pair to find support at 0.9709 and further down to 0.9684.
Alternative Scenario A higher thrust above the daily pivot would lift the currency pair to hit the resistance at 0.9773.

USDJPY H4
Resistance 113.72 114.12 114.53
Support 113.41 113.10 112.55
Primary Scenario The pair has propelled to this month top at 113.72. A successful attempt to crush this barrier would fuel the pair further, targeting the resistance level at 114.12 and even higher at 114.53.
Alternative Scenario Alternatively, a reversal back below the support level at 113.41 will pave the path down to 113.10.

AUDUSD H4
Resistance 0.7568 0.7595 0.7633
Support 0.7503 0.7465 0.7439
Primary Scenario AUDUSD has tested the hurdle at 0.7568.Any fruitful attempt to penetrate this level  will trigger the market to higher levels, with immediate target the resistance at 0.7595 and then higher at 0.7633.
Alternative Scenario A setback of the currency pair would push the market to find support at the daily pivot (0.7530) and further down to 0.7503.

 

Article by ForexTime

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