USDCHF is hovering below the daily pivot.

EURUSD Technical Analysis
Resistance 1.1270 1.1302 1.1320
Support 1.1220 1.1202 1.1170
Primary Scenario EURUSD bounced up from the previous bottom and is now trading slightly above the daily pivot at 1.1252. Further upward momentum will lead the pair to retest the hurdle at 1.1270 and further up to 1.1302.
Alternative Scenario A setback of the currency pair below the daily pivot will open the way down to 1.1220.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.4435 1.4502 1.4537
Support 1.4332 1.4297 1.4230
Primary Scenario The pair is negotiating below the daily pivot point (1.440). A failed attempt to move above this level will push prices to find support at 1.4332 and then lower at 1.4297.
Alternative Scenario A successful penetration of the daily pivot will fuel GBPUSD to hit the resistance level at 1.4435.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9731 0.9758 0.9786
Support 0.9676 0.9648 0.9621
Primary Scenario USDCHF is hovering below the daily pivot (0.9703). Should the bears manage to take control of the bulls, the next support is seen at 0.9676 and then lower at 0.9648.
Alternative Scenario A surge of the exchange rate above the daily pivot will lift the market towards 0.9731.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 112.20 112.76 113.31
Support 111.82 111.21 110.65
Primary Scenario The bullish outlook is still in effect. A decisive movement to the south will lead the market to breach the support level at 111.82, targeting the forthcoming support level at 111.21.
Alternative Scenario On the other hand, a higher thrust of USDJPY above the barrier at 112.20 will trigger the market towards 112.76.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7614 0.7649 0.7672
Support 0.7557 0.7533 0.7499
Primary Scenario AUDUSD is now testing the resistance level at 0.7614. If the pair manages to exceed this level, next resistance lies ahead at 0.7649 and further up to 0.7672.
Alternative Scenario A reversal back below the daily pivot (0.7591) will lead the pair to find support at 0.7557.


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Source:: USDCHF is hovering below the daily pivot.

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