USDCHF is ranging the daily pivot point.

Posted On 15 Jun 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1322	1.1381	1.1467
Support	1.1177	1.1091	1.1032
Primary Scenario	EURUSD is gyrating the daily pivot point at 1.1236. A decisive movement to the south will most likely push prices to violate the support level at 1.1177, targeting the forthcoming support at 1.1091.
Alternative Scenario	Should the pair achieve to penetrate the daily pivot, the next resistance is seen at 1.1322.

	GBPUSD	H4
Resistance	1.5614	1.5670	1.5744
Support	1.5484	1.5410	1.5353
Primary Scenario	The pair almost reached the resistance level at 1.5614, before retracing below the daily pivot (1.5540). A persistent bearish momentum will lead the market to find support at 1.5484 and even lower at 1.5410.
Alternative Scenario	A higher thrust of GBPUSD will lift the market above the daily pivot towards the previous top at 1.5614.

	USDCHF	H4
Resistance	0.9353	0.9445	0.9501
Support	0.9205	0.9149	0.9056
Primary Scenario	USDCHF is ranging the daily pivot point (0.9297), between the support level at 0.9205 and the resistance level at 0.9445. A bounce up from current levels will trigger the market to exceed the barrier at 0.9353, targeting the resistance levels at 0.9353 and 0.9445.
Alternative Scenario	Alternatively, a reversal back below the daily pivot will open the path down to 0.9205.

	USDJPY	H4
Resistance	123.81	124.30	124.95
Support	123.37	123.10	122.44
Primary Scenario	The pair is negotiating below the Kumo. An aggressive momentum to the south will push prices to breach the support levels at 123.37 and 123.10. The next support is estimated at 122.44.
Alternative Scenario	A surge of USDJPY will fuel the pair to surpass the hurdle at 123.81, with immediate target the lower level of the cloud at 124.30.

	AUDUSD	H4
Resistance	0.7761	0.7799	0.7841
Support	0.7680	0.7638	0.7600
Primary Scenario	AUDUSD is pivoting around the daily pivot point (0.7719). A plunge of the market below the key support level at 0.7680 will pave the way down to 0.7638.
Alternative Scenario	On the other hand, a break above the daily pivot will fuel the pair further towards the resistance at 0.7761.

The post USDCHF is ranging the daily pivot point. appeared first on Forex Circles.

Source:: USDCHF is ranging the daily pivot point.

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