Forex five most traded pairs technical analysis 4-hour time frame EURUSD, GBPUSD, USDCAD, NZDUSD, USDJPY
EURUSD
The pair is bouncing from the 1.08450 level and is reaching the 1.09327 level again. For the upside continuation, we need to see a break above the 1.09660 Pivot. Staying aside for now.
GBPUSD
The pair is below the 1.2898 level again. For the upside continuation, we need to see a break above the 1.2941 Pivot.  Staying aside because of undefined narrow range without direction.
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. Below the Pivot the pair is open to 1.3520-1.3560 zone test. No change in view.
NZDUSD
The pair has been rejected from the 0.6980 level and is now testing the wedge support line again 0.6800-0.6820 zone. The clear break above the 0.6850 level is required for the upside bounce into the 0.6900 Pivot level. No change in view.
USDJPY
The pair has broken above the 113.600 level of resistance and is now going for a possible test of 114.250. The reversal back below 113.600 would lead to a downside test of the 112.406 Pivot. Staying aside for now.
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.
