EURUSD is revolving the daily pivot point at 1.0599.

EURUSD Technical Analysis
Resistance 1.0647 1.0698 1.0746
Support 1.0548 1.0499 1.0448
Primary Scenario EURUSD is revolving the daily pivot point at 1.0599. Should the pair manage to eliminate the support level at 1.0548, it will push prices lower towards the next target at 1.0499.
Alternative Scenario An upward wave would lead the exchange rate to penetrate the daily pivot and then higher at 1.0647.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4817 1.4891 1.4938
Support 1.4695 1.4648 1.4574
Primary Scenario The pair is trading slightly below the daily pivot (1.4770). Further drop of the market will push GBPUSD to target the forthcoming support level at 1.4695 and even lower at 1.4648.
Alternative Scenario If the pair achieves to exceed the daily pivot point, it will climb towards the resistance level at 1.4817.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 1.0095 1.0134 1.0177
Support 1.0013 0.9970 0.9931
Primary Scenario The trend has been overall neutral. Any decisive movement upwards will trigger the market to target the resistance level at 1.0095 and further up at 1.0134.
Alternative Scenario A comeback of USDCHF below the daily pivot will push the pair to find support at 1.0013.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 121.48 121.66 122.02
Support 121.10 120.68 120.33
Primary Scenario USDJPY is searching for direction. Any purposeful movement to the north will fuel the pair to target the hurdle at 121.48 and then higher at 121.66. The next resistance is seen at 122.02.
Alternative Scenario A setback of the currency pair will lead the market to hit the support at 121.10 (upper level of the cloud).


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7655 0.7689 0.7714
Support 0.7595 0.7570 0.7535
Primary Scenario AUDUSD has breached a key support level and it is now heading to the support level at 0.7595. Further drop of the market will most likely lead the pair to violate this level, with immediate target the next support at 0.7570.
Alternative Scenario A higher thrust of the rate will lift the market above the daily pivot (0.7630) and then higher at 0.7655.


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Source:: EURUSD is revolving the daily pivot point at 1.0599.

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