USDJPY surged into fresh highs.

August 12, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1099 1.1157 1.1226
Support 1.0971 1.0902 1.0843
Primary Scenario EURUSD is now testing the hurdle at 1.1099. A successful attempt to penetrate this level will most likely fuel the pair further towards the resistance levels at 1.1157 and 1.1226.
Alternative Scenario A reversal back below the daily pivot point (1.1029) will push the market down to 1.0971.

 

 

GBPUSD H4
Resistance 1.5602 1.5636 1.5660
Support 1.5544 1.5520 1.5487
Primary Scenario The pair is gyrating the daily pivot at 1.5578. A plunge of GBPUSD below the key support level at 1.5544 will lead the market to find support at 1.5520.
Alternative Scenario Alternatively, a surge of the market above the daily pivot will lift the exchange rate towards the resistance level at 1.5602.

 

 

USDCHF H4
Resistance 0.9920 0.9961 1.0021
Support 0.9820 0.9760 0.9719
Primary Scenario USDCHF is pivoting around the daily pivot point at 0.9842. A persistent trading below this level will push prices down to 0.9820 and even lower towards the support level at 0.9760.
Alternative Scenario A higher thrust of the market will trigger the market to exceed the daily pivot, with immediate target the resistance at 0.9920.

 

 

USDJPY H4
Resistance 125.26 125.83 126.45
Support 125.00 124.71 124.38
Primary Scenario The USDJPY  surged into fresh highs in today’s session. If the market manages to extend its momentum and surpass the hurdle at 125.26, the next resistance is estimated at 125.83.
Alternative Scenario On the other hand, a break below the support at 125.00 will open the way down to 124.71.

AUDUSD H4
Resistance 0.7398 0.7496 0.7554
Support 0.7242 0.7184 0.7086
Primary Scenario AUDUSD is now trading slightly above the important support at 0.7242. A decisive movement to the south will push the pair further lower towards the forthcoming support level at 0.7184 and then deeper to 0.7086.
Alternative Scenario. A higher thrust of the exchange rate would bring the market into a correction course, targeting the daily pivot point at 0.7340.

 

 

Article by ForexTime

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