EURUSD erased the previous gains at 1.1300.

EURUSD Technical Analysis
Resistance 1.1300 1.1393 1.1468
Support 1.1132 1.1057 1.0964
Primary Scenario EURUSD erased the previous gains at 1.1300 and is now trading slightly above the daily pivot (1.1225). A decisive movement to the north will trigger the market to penetrate the hurdle at 1.1300, with immediate target the resistance level at 1.1393.
Alternative Scenario A plunge of the market below the daily pivot will push prices to find support at 1.1132.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5235 1.5291 1.5346
Support 1.5125 1.5071 1.5015
Primary Scenario The pair set to retest the resistance level at 1.5235. A successful attempt to surpass this level will most likely lead GBPUSD to hit the forthcoming resistance at 1.5291.
Alternative Scenario Alternatively, a comeback of the exchange rate would push the pair below the daily pivot (1.5181), paving the path down to 1.5125.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9787 0.9865 0.9937
Support 0.9638 0.9566 0.9488
Primary Scenario USDCHF is negotiating below the daily pivot point at 0.9716. If the bears manage to take control of the bulls, the next support is seen at 0.9638 and then lower at 0.9566.
Alternative Scenario An upward wave would lift the currency pair above the daily pivot and further up to 0.9787.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 120.13 120.43 120.91
Support 119.86 119.54 118.67
Primary Scenario The USDJPY pair is gyrating below the Kumo. Any forceful attempt to the south will lead the market to violate the support level at 119.86, opening the way down to 119.54.
Alternative Scenario On the other hand, a higher thrust of the pair will fuel the rate towards the resistance at 120.13 and even higher at 120.43.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7072 0.7101 0.7137
Support 0.7007 0.6971 0.6942
Primary Scenario AUDUSD is now testing the barrier at 0.7072. If the pair manages to withstand the sellers’ pressure, it will climb above this level, targeting the resistance level at 0.7101 and then higher at 0.7137.
Alternative Scenario. A reversal back below the daily pivot (0.7036) will lead the market underway towards the support level at 0.7007.


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Source:: EURUSD erased the previous gains at 1.1300.

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