Forex five most traded pairs technical analysis 4-hour time frame EURUSD, GBPUSD, USDCAD, NZDUSD, USDJPY
EURUSD
The pair has briefly tested 1.10000 the key upside resistance level and is being rejected by it. The near-term support is 1.09327 and reaction from here is required for the upside continuation.
GBPUSD
The pair has broken above the  1.2850 level and is now testing the 1.2940 upside resistance level and also the Pivot. The confirmation of the break above 1.2950 level could lead to a 1.30440 test near-term.The support zone is 1.2750-1.2800. The break below 1.2850 could lead to a 1.2715 level retest near-term. No change in view.
USDCAD
The pair has been rejected from the 1.3800 level and has broken below the Pivot 1.3681 which is now the downside support. Only the break above the 1.3720 near-term would lead to an upside continuation into 1.3837 level.
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NZDUSD
The pair has briefly broken above the falling wedge and the Pivot 0.6089 level. Only the daily close above 0.7000 level would lead to an upside reversal. Staying aside for now.
USDJPY
The pair is testing the 112.500-113Â zone and also has formed an ascending wedge. The rejection here would lead to a downside reversal and a retest of 110.500 level near-term. The break above the upside resistance 113.270 would lead to an upside continuation. No change in view.
This report is based on the four-hour charts (H4) and has an indication of strong resistance, support, and important pivots. It can help you in trading when there is a break of this levels or reaction from them. It will be updated daily around European and NY session overlap.
