GBPUSD: The trading is limited between 1.4180 and 1.4243.

Posted On 10 Mar 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1039	1.1081	1.1128
Support	1.0950	1.0903	1.0861
Primary Scenario	EURUSD is pivoting around the daily pivot point at 1.0992. A successful violation of the important support at 1.0950 will pave the path down to 1.0903.
Alternative Scenario	If the pair manages to exceed the daily pivot, it will lift the exchange rate towards the resistance level at 1.1039.

	GBPUSD	H4
Resistance	1.4243	1.4273	1.4307
Support	1.4180	1.4146	1.4116
Primary Scenario	The trading is limited between 1.4180 and 1.4243. A break back below the barrier at 1.4180 will most likely push prices to find support at 1.4146.
Alternative Scenario	Alternatively, a surge of the market above the daily pivot will lead GBPUSD to hit the resistance level at 1.4243.

	USDCHF	H4
Resistance	1.0025	1.0080	1.0123
Support	0.9927	0.9884	0.9829
Primary Scenario	USDCHF is trading slightly below the daily pivot (0.9982). A decisive movement to the south will open the way down to 0.9927 and even lower at 0.9884.
Alternative Scenario	A successful attempt to penetrate the daily pivot will fuel the market to target the resistance at 1.0025.

	USDJPY	H4
Resistance	113.80	114.24	114.55
Support	113.53	113.22	112.78
Primary Scenario	The USDJPY pair surpassed the upper level of the cloud in today’s session. Should the pair achieve to extend its momentum, it will exceed the hurdle at 113.80 and the next resistance is estimated at 114.24.
Alternative Scenario	On the other hand, any breach below the key support at 113.53 will push the pair to find support within the cloud at 113.22.

	AUDUSD	H4
Resistance	0.7536	0.7589	0.7652
Support	0.7421	0.7358	0.7305
Primary Scenario	AUDUSD is gyrating the daily pivot point at 0.7474. A bounce up from current levels will trigger the market to hit the resistance at 0.7536 and then higher at 0.7589.
Alternative Scenario	A setback of the currency pair will lead the market into lower grounds, targeting the support level at 0.7421.

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Source:: GBPUSD: The trading is limited between 1.4180 and 1.4243.

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