GBPUSD now focus on 1.5698.

EURUSD Technical Analysis
Resistance 1.1071 1.1133 1.1186
Support 1.0955 1.0902 1.0839
Primary Scenario EURUSD is pivoting around the daily pivot at 1.1018. A decisive movement to the south will push prices to face the support level at 1.0955 and further down to 1.0902.
Alternative Scenario A reversal back above the daily pivot will lift the currency pair to hit the resistance level at 1.1071.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5698 1.5762 1.5886
Support 1.5510 1.5386 1.5322
Primary Scenario The pair now focus on 1.5698, after successfully surpassed the critical resistance at 1.5574. Further increase of the rate will lead GBPUSD to eye the forthcoming resistances at 1.5762 and 1.5886.
Alternative Scenario A plunge of the exchange rate will push the market to find support at the daily pivot point (1.5574) and even lower at 1.5510.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9517 0.9589 0.9647
Support 0.9388 0.9330 0.9258
Primary Scenario USDCHF is hovering below the daily pivot at 0.9459. Any forceful downward movement will lead the way down towards the support level at 0.9388 and then lower at 0.9330.
Alternative Scenario Should the pair manage to penetrate the daily pivot, the next resistance is seen at 0.9517.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 123.72 124.35 125.06
Support 123.32 122.92 122.19
Primary Scenario The strength of the market faded, but the bullish scenario is still in effect. Any fruitful attempt to exceed the hurdle at 123.72 will most likely fuel the pair to target the next resistance at 124.35.
Alternative Scenario A reversal back below the Tenkan-sen line at 123.32 will pave the path towards the support level at 122.92.


AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.7489 0.7529 0.7580
Support 0.7398 0.7347 0.7307
Primary Scenario AUDUSD is poised to retest and break the hurdle at 0.7489. A successful penetration of this level will trigger the market to target the next resistance at 0.7529 and even higher at 0.7580.
Alternative Scenario A failed attempt to exceed this level will push the pair to find support at the daily pivot (0.7438) and further down to 0.7398.


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Source:: GBPUSD now focus on 1.5698.

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