USDJPY is trading within the cloud.

November 24, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0662 1.0691 1.0726
Support 1.0598 1.0563 1.0534
Primary Scenario EURUSD is gyrating the daily pivot point at 1.0627. A decisive movement to the south will lead the pair to retest the support level at 1.0598 and then lower at 1.0563.
Alternative Scenario A surge of the market above the daily pivot will lift the exchange rate towards the resistance level at 1.0662.

GBPUSD H4
Resistance 1.5171 1.5226 1.5258
Support 1.5085 1.5053 1.4998
Primary Scenario The pair is trading slightly below the daily pivot at 1.5140. If the bears manage to take control of the bulls, the next support is seen at 1.5085 and further down to 1.5053.
Alternative Scenario An upward wave above the daily pivot will trigger the market to hit the hurdle at 1.5171.

USDCHF H4
Resistance 1.0208 1.0242 1.0259
Support 1.0157 1.0140 1.0106
Primary Scenario USDCHF is oscillating around the daily pivot (1.0191). A plunge of the market will push prices to find support at 1.0157 and even lower at 1.0140.
Alternative Scenario A successful attempt to penetrate the daily pivot will fuel the pair to retest the resistance at 1.0208.

USDJPY H4
Resistance 122.79 122.96 123.25
Support 122.66 122.48 122.20
Primary Scenario The pair is trading within the cloud. A break back below the support level at 122.66 will push prices to find support outside of the Kumo at 122.48.
Alternative Scenario Alternatively, should the pair achieve to exceed the hurdle at 122.79, the next resistance is estimated at 122.96.

AUDUSD H4
Resistance 0.7225 0.7265 0.7299
Support 0.7151 0.7118 0.7077
Primary Scenario AUDUSD is negotiating above the daily pivot at 0.7191. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 0.7225 and 0.7265.
Alternative Scenario. A tumble of the pair below the daily pivot will open the way down to 0.7151.

 

Article by ForexTime

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