GBPUSD is now testing the key support level at 1.4416.

EURUSD Technical Analysis
Resistance 1.1317 1.1367 1.1397
Support 1.1236 1.1205 1.1155
Primary Scenario EURUSD topped up at 1.1316, before closing below the daily pivot point (1.1286). Further correction of the market will push prices to find support at 1.1236 and even lower at 1.1205.
Alternative Scenario A surge of the market above the daily pivot will lift the exchange rate towards 1.1317.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4520 1.4569 1.4624
Support 1.4416 1.4360 1.4312
Primary Scenario The pair is now testing the key support level at 1.4416. Any violation of this level will lead the pair underway towards the forthcoming support level at 1.4360 and further down to 1.4312.
Alternative Scenario On the other hand, a higher thrust of GBPUSD would fuel the pair to hit the daily pivot (1.4465) and then higher at 1.4520.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 0.9721 0.9750 0.9784
Support 0.9659 0.9625 0.9596
Primary Scenario USDCHF is trading slightly above the daily pivot point at 0.9687. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 0.9721 and even higher at 0.9750.
Alternative Scenario A comeback of the currency pair will push the pair below the daily pivot, with immediate target the support level at 0.9659.


USDJPY Technical Analysis USDJPY H4
Resistance 111.74 112.38 112.96
Support 111.21 110.65 110.10
Primary Scenario The pair is moving sideways, but still below the Kumo. A decisive movement to the south will trigger the market to eliminate the barrier at 111.21, targeting the support level at 110.65 and then lower at 110.10.
Alternative Scenario Alternatively, an upward wave would lead USDJPY to penetrate the hurdle at 111.74, opening the way up to 112.38.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7656 0.7710 0.7741
Support 0.7571 0.7540 0.7486
Primary Scenario AUDUSD edged up to 0.7679, before retracing below the daily pivot at 0.7625. If the market drop below the support level at 0.7571, the next target is seen at 0.7540 and further down to 0.7486.
Alternative Scenario A bounce up of current levels will accelerate the pair to hit the daily pivot.


The post GBPUSD is now testing the key support level at 1.4416. appeared first on FXTM Blog.

Source:: GBPUSD is now testing the key support level at 1.4416.

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