AUDUSD turned sharply bearish.

EURUSD Technical Analysis
Resistance 1.1387 1.1441 1.1487
Support 1.1287 1.1241 1.1187
Primary Scenario EURUSD is currently trading below the daily pivot point at 1.1341. Any forceful movement downwards will push prices to retest the support at 1.1287. Further drop of the market will most likely lead the exchange rate underway towards the next support at 1.1241.
Alternative Scenario A surge of the pair above the daily pivot will trigger the market to reach the resistance level at 1.1387.



GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5508 1.5562 1.5651
Support 1.5366 1.5278 1.5224
Primary Scenario The pair has been trapped between the resistance level at 1.5508 and the support level at 1.5278. A decisive movement to the north to penetrate the hurdle at 1.5508 will lift the market into fresh high towards the resistance level at 1.5562.
Alternative Scenario A plunge of GBPUSD below the daily pivot at 1.5420 will open the way down to 1.5366.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9553 0.9609 0.9693
Support 0.9412 0.9328 0.9272
Primary Scenario USDCHF negotiates closed to the previous top. If the pair manages to withstand the sellers’ pressure, it will exceed the resistance at 0.9553, with immediate target the next resistance at 0.9609.
Alternative Scenario On the other hand, a reversal back below the daily pivot (0.9468) will push the pair to find support at 0.9412.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 119.34 119.87 120.46
Support 119.08 118.81 118.29
Primary Scenario The trend has been neutral and the bullish scenario is still in effect. A bounce up from current levels will generate strength for the market to target the forthcoming resistance at 119.34. A break through this level will fuel the pair further towards the next resistance level at 119.87.
Alternative Scenario A setback of the currency pair below the upper level of the Kumo at 119.08, will lead USDJPY underway down to 118.81.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7838 0.7876 0.7906
Support 0.7771 0.7741 0.7703
Primary Scenario AUDUSD turned sharply bearish and tested the support level at 0.7771. If the pair achieves to violate the said support it will plunged further towards the next support level at 0.7741.
Alternative Scenario An upward wave would push prices to hit the daily pivot point at 0.7809.


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