USDCHF has reached a fresh top.

EURUSD Technical Analysis
Resistance 1.0887 1.0908 1.0942
Support 1.0832 1.0797 1.0776
Primary Scenario EURUSD is trading slightly above the daily pivot at 1.0852. A decisive movement to the north will trigger the market to to retest the hurdle at 1.0887 and even higher at 1.0908.
Alternative Scenario A plunge of the exchange rate below the daily pivot will push prices to find support at 1.0832.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4417 1.4488 1.4611
Support 1.4223 1.4101 1.4029
Primary Scenario A strong bullish movement led GBPUSD to penetrate the daily pivot (1.4295) in the previous session. If the pair achieves to extend its momentum, the next resistance is seen at 1.4417 and further up to 1.4488.
Alternative Scenario Alternatively, a comeback of the currency pair will lead the rate below the daily pivot, with immediate target the support level at 1.4223.


USDCHF Technical Analysis USDCHF H4
Resistance 1.0200 1.0240 1.0282
Support 1.0119 1.0076 1.0037
Primary Scenario USDCHF has reached a fresh top (1.0200) in the previous session. If the pair manages to withhold the sellers’ pressure, it will retest this level and a break through will fuel the market towards the next target at 1.0240.
Alternative Scenario A break back below the daily pivot at 1.0158 will pave the path down to 1.0119.


USDJPY Technical Analysis USDJPY H4
Resistance 118.43 118.85 119.26
Support 118.14 117.65 117.17
Primary Scenario The USDJPY pair continued its sideways moving above the Kumo. Should the pair achieve to surpass the barrier at 118.43, it will lift the exchange rate towards the resistance levels at 118.85 and 119.26.
Alternative Scenario A tumble of the market below the key support at 118.65 will open the way down to 117.65.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7040 0.7082 0.7143
Support 0.6938 0.6878 0.6835
Primary Scenario AUDUSD is now testing the previous resistance at 0.7040. A successful penetration of this level will increase the possibilities for further increase in the market. The next resistance is estimated at 0.7082 and then higher at 0.7143.
Alternative Scenario. A reversal back would lead the currency pair to find support at the daily pivot point at 0.6938.


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Source:: USDCHF has reached a fresh top.

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