GBPUSD has tested the support level at 1.5177.

Posted On 08 Jun 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
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	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	H4
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	H4
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	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.

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

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