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AUDUSD turned sharply bearish.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.13871.14411.1487
Support1.12871.12411.1187
Primary ScenarioEURUSD is currently trading below the daily pivot point at 1.1341. Any forceful movement downwards will push prices to retest the support at 1.1287. Further drop of the market will most likely lead the exchange rate underway towards the next support at 1.1241.
Alternative ScenarioA surge of the pair above the daily pivot will trigger the market to reach the resistance level at 1.1387.

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EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.55081.55621.5651
Support1.53661.52781.5224
Primary ScenarioThe pair has been trapped between the resistance level at 1.5508 and the support level at 1.5278. A decisive movement to the north to penetrate the hurdle at 1.5508 will lift the market into fresh high towards the resistance level at 1.5562.
Alternative ScenarioA plunge of GBPUSD below the daily pivot at 1.5420 will open the way down to 1.5366.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.95530.96090.9693
Support0.94120.93280.9272
Primary ScenarioUSDCHF negotiates closed to the previous top. If the pair manages to withstand the sellers’ pressure, it will exceed the resistance at 0.9553, with immediate target the next resistance at 0.9609.
Alternative ScenarioOn the other hand, a reversal back below the daily pivot (0.9468) will push the pair to find support at 0.9412.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance119.34119.87120.46
Support119.08118.81118.29
Primary ScenarioThe trend has been neutral and the bullish scenario is still in effect. A bounce up from current levels will generate strength for the market to target the forthcoming resistance at 119.34. A break through this level will fuel the pair further towards the next resistance level at 119.87.
Alternative ScenarioA setback of the currency pair below the upper level of the Kumo at 119.08, will lead USDJPY underway down to 118.81.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.78380.78760.7906
Support0.77710.77410.7703
Primary ScenarioAUDUSD turned sharply bearish and tested the support level at 0.7771. If the pair achieves to violate the said support it will plunged further towards the next support level at 0.7741.
Alternative ScenarioAn upward wave would push prices to hit the daily pivot point at 0.7809.

 

AUDUSDH4

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