USDJPY is negotiating within the Kumo.

April 15, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1296 1.1325 1.1357
Support 1.1235 1.1203 1.1174
Primary Scenario EURUSD is oscillating around the daily pivot at 1.1264. Any purposeful downward movement will pave the path down to 1.1235 and further down to 1.1203.
Alternative Scenario A successful attempt to penetrate the daily pivot will lift the exchange rate towards the resistance at 1.1296.

GBPUSD H4
Resistance 1.4209 1.4267 1.4327
Support 1.4092 1.4032 1.3974
Primary Scenario The pair is gyrating the daily pivot point (1.4149). Should the bears manage to take control of the bulls, the next support is seen at 1.4092 and then lower at 1.4032.
Alternative Scenario Alternatively, a higher thrust of the market will fuel the pair to hit the resistance level at 1.4209.

USDCHF H4
Resistance 0.9690 0.9714 0.9740
Support 0.9639 0.9613 0.9589
Primary Scenario USDCHF is trading near the previous top at 0.9690. If the pair achieves to extend its uptrend, it will surpass this barrier, with immediate target the resistance at 0.9714.
Alternative Scenario A tumble of the pair below the daily pivot will open the way down to 0.9639.

USDJPY H4
Resistance 109.73 110.38 110.73
Support 109.31 108.86 108.42
Primary Scenario The pair is negotiating within the Kumo. Further bullish momentum will trigger USDJPY to exceed the hurdle at 109.73, targeting the forthcoming resistance at 110.38.
Alternative Scenario On the other hand, a reversal back below the support at 109.31 will push prices to find support at 108.86.

AUDUSD H4
Resistance 0.7746 0.7800 0.7864
Support 0.7628 0.7564 0.7510
Primary Scenario AUDUSD experienced strong resistance in the previous session. Should the pair manage to penetrate the key resistance at 0.7746, it will accelerate the market to higher grounds towards the resistance level at 0.7800.
Alternative Scenario A failed attempt to move higher will lead the pair below the daily pivot, opening the way down to 0.7628.

 

Article by ForexTime

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