EURUSD: The trading range is limited to 1.0851 and 1.0950.

EURUSD Technical Analysis
Resistance 1.0950 1.1012 1.1048
Support 1.0851 1.0814 1.0753
Primary Scenario The trading range is limited to 1.0851 and 1.0950. If EURUSD manages to breach the key support level at 1.0851, it will break the sideways move implying bearish outlook. The next support is seen at 1.0814.
Alternative Scenario A higher thrust of the market above the daily pivot at 1.0913 will lift the exchange rate at 1.0950.


GBPUSD Technical Analysis GBPUSD H4 up-trend
Resistance 1.4228 1.4270 1.4322
Support 1.4135 1.4082 1.4041
Primary Scenario The pair bottomed at 1.4135, before closing above the daily pivot point (1.4176). Should the pair achieves to extend its momentum, it will climb towards the resistance level at 1.4228 and further up to 1.4270.
Alternative Scenario Alternatively, a break back below the daily pivot will lead the pair to retest the bottom at 1.4135.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 1.0065 1.0094 1.0132
Support 0.9998 0.9960 0.9931
Primary Scenario USDCHF is gyrating the daily pivot at 1.0027. A successful attempt to penetrate the hurdle in line at 1.0065 will trigger the market towards the forthcoming levels at 1.0094 and 1.0132.
Alternative Scenario A tumble of the currency pair below the daily pivot will pave the path down to 0.9998.


USDJPY Technical Analysis USDJPY H4
Resistance 117.02 117.40 117.79
Support 116.65 115.96 115.32
Primary Scenario The pair is now testing the support level at 116.65. If the bears manage to take control of the bulls, the next support is estimated at 115.96 and even lower at 115.32.
Alternative Scenario On the other hand, an upward wave would accelerate the rate to exceed the hurdle at 117.02, with immediate target the resistance at 117.40.


AUDUSD Technical Analysi AUDUSD H4 up-trend
Resistance 0.6943 0.6982 0.7040
Support 0.6846 0.6788 0.6749
Primary Scenario AUDUSD is negotiating narrowly above the daily pivot at 0.6885. A bounce up from current levels will generate strength for the pair to target the resistance level at 0.6943 and even higher at 0.6982.
Alternative Scenario. A plunge of the pair below the daily pivot will open the way down to 0.6846.


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Source:: EURUSD: The trading range is limited to 1.0851 and 1.0950.

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