GBPUSD is currently trading slightly above the daily pivot.

EURUSD Technical Analysis
Resistance 1.1425 1.1484 1.1520
Support 1.1331 1.1296 1.1237
Primary Scenario The trend has been overall neutral in the previous sessions. A decisive movement downwards will push the pair to breach the support level at 1.1331 and then lower at 1.1296.
Alternative Scenario On the other hand, an upward wave would lead EURUSD above the daily pivot at 1.1390 towards the hurdle at 1.1425.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5450 1.5487 1.5510
Support 1.5389 1.5366 1.5329
Primary Scenario GBPUSD is currently trading slightly above the daily pivot (1.5427). A surge of the pair will trigger the market to penetrate the resistance level at 1.5450, with immediate target the forthcoming resistance at 1.5487.
Alternative Scenario Should the pair manage to break below the daily pivot, it will find support at 1.5389.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9532 0.9572 0.9647
Support 0.9418 0.9344 0.9304
Primary Scenario The pair is trading near the previous top. If USDCHF manages to extend its momentum, it will climb towards the resistance levels at 0.9532 and 0.9572.
Alternative Scenario A comeback of the exchange rate will bring the pair into a correction course, down to the daily pivot (0.9458) and even lower at 0.9418. RSI oscillator supports this outlook.


USDJPY Technical Analysis USDJPY H4
Resistance 119.09 119.40 119.87
Support 118.73 118.45 118.22
Primary Scenario USDJPY is negotiating within the cloud. A plunge of the market will open the way down to the support level at 118.73. Any successful attempt to violate this key support will lead the pair towards the next target at 118.45.
Alternative Scenario Alternatively, an upward wave would push the pair to reach the resistance level within the cloud at 119.09.


AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.7835 0.7881 0.7921
Support 0.7750 0.7711 0.7665
Primary Scenario AUDUSD is pivoting around the daily pivot point at 0.7796. Any forceful attempt to penetrate the hurdle at 0.7835 will generate strength for the market to target the forthcoming resistance at 0.7881.
Alternative Scenario A drop of the pair below the daily pivot, will push the pair to reach the support at 0.7750.


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Source:: GBPUSD is currently trading slightly above the daily pivot.

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