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GBPUSD: Today’s surge push the market above the daily pivot at 1.5278.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Resistance1.15481.16201.1743
Support1.13531.12311.1158
Primary ScenarioEURUSD is poised to retest the hurdle at 1.1548. If that happens, the next resistance is seen at 1.1620.
Alternative ScenarioA plunge of the market below the daily pivot point (1.1425) will push prices to find support at 1.1353.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.53911.54551.5569
Support1.52131.51001.5035
Primary ScenarioToday’s surge push the market above the daily pivot at 1.5278. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 1.5391 and then higher at 1.5455.
Alternative ScenarioAlternatively, a comeback of GBPUSD will lead the rate to breach the daily pivot, with immediate target the support level at 1.5213. RSI oscillator supports this outlook.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Down Trend
Resistance0.92780.93470.9384
Support0.91720.91350.9066
Primary ScenarioUSDCHF is trading slightly below the daily pivot (0.9241). A decisive movement to the south will open the way down to 0.9172 and even lower at 0.9135.
Alternative ScenarioAn upward wave will trigger the market to penetrate the daily pivot, targeting the resistance level at 0.9278.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance117.54118.01118.48
Support117.00116.62115.84
Primary ScenarioThe trend has been overall neutral the previous sessions. Any purposeful movement downwards will push the pair to retest the barrier at 117.00. A breach of this level will pave the way down to 116.62.
Alternative ScenarioA higher thrust of USDJPY will lift the pair to reach the resistance level at 117.54.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.78350.78740.7925
Support0.77450.76930.7654
Primary ScenarioAUDUSD is now reaching the previous highs. A sustained trading above 0.7835, will most likely fuel the pair to target the forthcoming resistance at 0.7874 and then higher at 0.7925.
Alternative ScenarioA setback of the market below the support level at 0.7835 will lead the pair to find support at the daily pivot (0.7784).

 

AUDUSDH4

The post GBPUSD: Today’s surge push the market above the daily pivot at 1.5278. appeared first on Forex Circles.

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