EURUSD edged up at 1.1533, before retracing below the daily pivot.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.1446 1.1549 1.1614
Support 1.1278 1.1212 1.1110
Primary Scenario EURUSD edged up at 1.1533, before retracing below the daily pivot at 1.1381. Further drop of the market, will push prices to find support at 1.1278 and then lower at 1.1212.
Alternative Scenario Alternatively, a surge of the currency pair above the daily pivot point will generate strength for the market to penetrate the daily pivot and to retest the hurdle at 1.1446.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5240 1.5301 1.5352
Support 1.5129 1.5077 1.5017
Primary Scenario The pair is oscillating around the daily pivot (1.5189). Should the pair manage to exceed the hurdle at 1.5240, it will eye the forthcoming resistance level at 1.5301.
Alternative Scenario A plunge of GBPUSD below the daily pivot, will push the pair to find support at 1.5129.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4
Resistance 0.9287 0.9319 0.9360
Support 0.9214 0.9173 0.9142
Primary Scenario The trend has been neutral in the previous sessions. If the bears take control and overweight the bulls pressure, USDCHF will hit the support level at 0.9214 and then lower at 0.9173.
Alternative Scenario A higher thrust of the market will lift the pair above the daily pivot (0.9246) towards the resistance level at 0.9287.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 117.50 118.01 118.48
Support 117.00 116.62 115.84
Primary Scenario USDJPY is trading below the cloud and the bearish outlook is in force. If the pair achieves to violate the support level at 117.00, it will open the way down to 116.62.
Alternative Scenario An upward wave would push the rate higher towards the resistance level at 117.50.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7817 0.7886 0.7923
Support 0.7712 0.7674 0.7606
Primary Scenario The pair is pivoting around the daily pivot point at 0.7780. Any forceful movement to the south will push AUDUSD to find support at 0.7712. The next support is seen at 0.7674.
Alternative Scenario A fruitful attempt to surpass the daily pivot, will most likely lead the market to retest the resistance level at 0.7817.

AUDUSDH4

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Source:: EURUSD edged up at 1.1533, before retracing below the daily pivot.

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