USDJPY: The trend has been overall neutral this week.

December 31, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0948 1.0966 1.0990
Support 1.0906 1.0883 1.0864
Primary Scenario EURUSD is oscillating around the daily pivot point at 1.0924. A decisive movement to the north will fuel the pair to retest the hurdle at 1.0948 and further up the resistance level at 1.0966.
Alternative Scenario If the pair break below the daily pivot, the next support is seen at 1.0906.

GBPUSD H4
Resistance 1.4842 1.4872 1.4897
Support 1.4786 1.4761 1.4731
Primary Scenario The pair is pivoting around the daily pivot (1.4817). A bounce up from current levels will trigger GBPUSD to hit the resistance at 1.4842 and then higher 1.4872.
Alternative Scenario Alternatively, a plunge of the market below the daily pivot will lead the currency pair to find support at 1.4786.

USDCHF H4
Resistance 0.9922 0.9961 0.9993
Support 0.9850 0.9817 0.9778
Primary Scenario USDCHF is trading slightly below the daily pivot at 0.9889. A tumble of the market will push prices to find support at 0.9850 and further down to 0.9817.
Alternative Scenario An upward wave above the daily pivot would lift the currency pair towards the resistance at 0.9922.

USDJPY H4
Resistance 120.55 120.86 121.34
Support 120.33 119.88 119.59
Primary Scenario The trend has been overall neutral this week. Should the pair manage to violate the key support at 120.33, the next support is estimated at 119.88.
Alternative Scenario On the other hand, a surge of the pair will accelerate the market to penetrate the barrier at 120.55, with immediate target the resistance at 120.86.

AUDUSD H4
Resistance 0.7300 0.7317 0.7332
Support 0.7268 0.7253 0.7236
Primary Scenario AUDUSD has just surpassed the key resistance at 0.7300. If the  pair manages to extend its momentum, it will target the forthcoming resistance level at 0.7317 and even higher at 0.7332.
Alternative Scenario. A reversal back below the support at 0.7300 will lead the currency pair to hit the daily pivot point at 0.7285.

 

Article by ForexTime

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