Forex five most traded pairs technical analysis 4-hour time frame EURUSD, GBPUSD, USDCAD, NZDUSD, USDJPY
EURUSD
The pair is breaking above the crucial 1.10223 level and thus opening the 1.13511 target on the upside. The support and possible long trades entry zone is 1.10619-1.11368 zone.
GBPUSD
The pair is breaking above the 1.2997 Pivot level for the upside continuation and a test of 1.31260 and 1.31779. Look for the long entries with SL below 1.2950 level.
USDCAD
The pair is below the 1.3560 Pivot level which is the downside support now. Look for only short entries with SL above 1.3610 targeting 1.3400 lower.
NZDUSD
The pair is breaking the wedge 0.6950 level. Near-term target on the upside is 0.7000 level. The support for the upside continuation is the Pivot 0.6910 level.
USDJPY
The pair is testing the Pivot 111.645 level. Downside extension from here could lead to a test of 109.440 near-term. SL on short trade entries should be above the 112.500 level. The strong downside support is 113.0540 level.
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.