GBPUSD has tested the support level at 1.5177.

EURUSD Technical Analysis
Resistance 1.1244 1.1376 1.1474
Support 1.1013 1.0915 1.0782
Primary Scenario EURUSD is trading slightly below the daily pivot point at 1.1146. Any strong bearish momentum will trigger the market to target the support level at 1.1013 and even lower at 1.0915.
Alternative Scenario A surge of the currency pair above the daily pivot will lead the market to retest the hurdle at 1.1244.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5357 1.5452 1.5536
Support 1.5177 1.5093 1.4998
Primary Scenario The pair has tested the support level at 1.5177. A decisive movement to the south to breach this level will most likely push prices to find support at 1.5093.
Alternative Scenario Alternatively, a higher thrust of the exchange rate will lift the market above the daily pivot towards the resistance level at 1.5357.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9494 0.9599 0.9697
Support 0.9291 0.9193 0.9088
Primary Scenario USDCHF is oscillating around the daily pivot point (0.9396). An upward wave would act as a catalyst for the market to retest the barrier at 0.9494 and break above with immediate target the resistance level at 0.9599.
Alternative Scenario A comeback of the currency pair will lead the market below the daily pivot towards the support level at 0.9291.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 125.85 126.60 127.58
Support 125.05 124.36 123.75
Primary Scenario The pair is negotiating near the previous high. If USDJPY manages to withstand the sellers’ pressure, it will climb towards the resistance at 125.85 and further up to 126.60.
Alternative Scenario Alternatively, a setback of the currency pair will open the way down to 125.05.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7694 0.7773 0.7821
Support 0.7567 0.7519 0.7440
Primary Scenario AUDUSD is hovering below the daily pivot at 0.7646. Further drop of the market will push the pair to hit the support at 0.7567. The next support is seen at 0.7519.
Alternative Scenario An upward wave would lead the pair to exceed the daily pivot, targeting the resistance level at 0.7694.


The post GBPUSD has tested the support level at 1.5177. appeared first on Forex Circles.

Source:: GBPUSD has tested the support level at 1.5177.

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