USDCHF lost its momentum.

February 2, 2016

Article by ForexTime

EURUSD H4
Resistance 1.0927 1.0968 1.1025
Support 1.0829 1.0772 1.0731
Primary Scenario EURUSD has recovered from the previous low and is now heading towards the resistance level at 1.0927. If the pair manages to surpass this level, it will target the forthcoming resistance at 1.0968.
Alternative Scenario A comeback of the exchange rate would lead the pair to find support at the daily pivot at 1.0870.

GBPUSD H4
Resistance 1.4507 1.4584 1.4723
Support 1.4290 1.4150 1.4073
Primary Scenario The pair is negotiating above the daily pivot (1.4367). A decisive movement upwards will target next resistance level at 1.4507. Above this level, the next target is the resistance level at 1.4584.
Alternative Scenario Alternatively, should the pair achieve to breach the daily pivot, it will pave the path down to 1.4290.

USDCHF H4
Resistance 1.0242 1.0292 1.0336
Support 1.0147 1.0104 1.0053
Primary Scenario USDCHF lost its momentum and is now trading below the daily pivot point (1.0198). A plunge of the market would push prices to find support at 1.0147 and then lower at 1.0104.
Alternative Scenario An upward wave above the daily pivot will lift the currency pair towards the resistance level at 1.0242.

USDJPY H4
Resistance 120.65 121.15 121.67
Support 120.32 119.86 119.31
Primary Scenario Having reversed from the previous top, USDJPY is now trading in a correction course. If the pair manages to withstand the sellers’ pressure, it will eliminate the hurdle at 120.65, climbing towards the resistance levels at 121.15 and 121.67.
Alternative Scenario On the other hand, a break back below the key level at 120.32 exposes next support at 119.86.

AUDUSD H4
Resistance 0.7138 0.7168 0.7217
Support 0.7060 0.7012 0.6982
Primary Scenario AUDUSD is revolving around the daily pivot point at 0.7090. A setback of the market will push the pair to breach the support at 0.7060, targeting the forthcoming level at 0.7012.
Alternative Scenario. A surge of the currency pair above the daily pivot would trigger the market towards the resistance level at 0.7138.

 

Article by ForexTime

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