The strength of USDCHF faded.

EURUSD Technical Analysis

Resistance 1.0924 1.0987 1.1032
Support 1.0815 1.0770 1.0707
Primary Scenario EURUSD is negotiating slightly below the daily pivot point at 1.0879. Any forceful movement to the south will open the way down to 1.0815 and then lower at 1.0770.
Alternative Scenario A higher thrust of the exchange rate would lift the market above the daily pivot, targeting the resistance at 1.0924.


GBPUSD Technical Analysis GBPUSD H4 up-trend
Resistance 1.4449 1.4489 1.4534
Support 1.4364 1.4319 1.4279
Primary Scenario The pair is oscillating around the daily pivot at 1.4404. A bounce up from current levels will trigger the market to hit the resistance level at 1.4449 and further up to 1.4489.
Alternative Scenario Alternatively, a plunge of GBPUSD below the daily pivot will push prices to find support at 1.4364.


USDCHF Technical Analysis USDCHF H4
Resistance 1.0087 1.0130 1.0169
Support 1.0005 0.9966 0.9923
Primary Scenario The strength of USDCHF faded. A deeper correction of the currency pair will lead the market to find support at 1.0005 and even lower at 0.9966.
Alternative Scenario An upward wave would fuel the pair to exceed the daily pivot (1.0048), with immediate target the resistance at 1.0087.


USDJPY Technical Analysis USDJPY H4
Resistance 117.97 118.29 118.67
Support 117.76 117.27 116.67
Primary Scenario The pair is now testing the lower level of the cloud. A failed attempt to penetrate this level will most likely push USDJPY to breach the support at 117.76, paving the way down to 117.27.
Alternative Scenario On the other hand, a successful penetration of the barrier at 117.97 will lead the market within the Kumo, targeting the forthcoming resistance at 118.29.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7016 0.7049 0.7102
Support 0.6929 0.6878 0.6842
Primary Scenario AUDUSD is now heading towards the support level at 0.6929. A break back below this level will push the pair to find support at 0.6878.
Alternative Scenario. Should the pair manage to surpass the daily pivot (0.6962), the next resistance is seen at 0.7016.


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Source:: The strength of USDCHF faded.

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