The USDJPY pair pounded in today’s session.

April 28, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1362 1.1406 1.1452
Support 1.1272 1.1226 1.1183
Primary Scenario EURUSD is now testing the area below the key resistance at 1.1362. Should the pair manage to seize the opportunity and surpass this level, the next resistance is seen at 1.1406.
Alternative Scenario A reversal back below the daily pivot (1.1316) will open the way down to 1.1272.

GBPUSD H4
Resistance 1.4616 1.4692 1.4764
Support 1.4468 1.4396 1.4321
Primary Scenario The pair is negotiating on the daily pivot point at 1.4544. A bounce up from current levels will trigger the market to hit the resistance levels at 1.4616 and 1.4692.
Alternative Scenario On other hand, a plunge of GBPUSD below the daily pivot will pave the path down to 1.4468.

USDCHF H4
Resistance 0.9747 0.9785 0.9819
Support 0.9674 0.9640 0.9601
Primary Scenario USDCHF is heading towards the support level at 0.9674. A successful violation of this level will most likely push prices down to 0.9640.
Alternative Scenario A surge of the currency pair will lift the exchange rate above the daily pivot, with immediate target the resistance level at 0.9747.

USDJPY H4
Resistance 109.09 109.83 110.41
Support 108.72 108.09 107.63
Primary Scenario The USDJPY pair pounded in today’s session. Further drop of the market will push the pair to breach the support at 108.72, targeting the next level at 108.09 and further down to 107.63.
Alternative Scenario Alternatively, an upward wave would fuel the pair towards 109.09 and even higher at 109.83.

AUDUSD H4
Resistance 0.7717 0.7850 0.7935
Support 0.7500 0.7414 0.7282
Primary Scenario AUDUSD is still under pressure and is now trading below the daily pivot at 0.7632. A decisive movement to the south will lead the pair underway towards 0.7500 and then lower at 0.7414.
Alternative Scenario A higher thrust above the daily pivot will accelerate the pair to target the resistance level at 0.7717.

 

Article by ForexTime

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