Forex five most traded pairs technical analysis 4-hour time frame EURUSD, GBPUSD, USDCAD, NZDUSD, USDJPY
EURUSD
The pair is retesting the support 1.12097 Pivot level. The break below this level would open a test of 1.11351 and 1.10918 near-term. The break above the 1.12530 resistance is required for an upside test of 1.1300 level.
GBPUSD
The pair has reached the support 1.2620-1.2700 zone and the bounce could lead to a 1.27714 Pivot level retest. The break below the 1.2660 is required for further downside extension into the 1.2565 level.
USDCAD
The pair is testing the 1.3200-1.3250 support zone. The near-term break below this zone could lead to an extension lower into 1.3000-1.3100 zone.
NZDUSD
The pair has reached the 0.7198 level and the break above this level would lead to a 0.7264 level retest. The rejection from this level could lead to a 0.7155 support level retest.
 
USDJPY
The pair is below the 110.695 level of the downside resistance which is now the downside support. It has reached the near-term target 109.315-109.680 zone. Below this zone prolonged downside extension is on the way. Fresh short trade entries only in the case of a break below the mentioned zone.
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.