EURUSD is revolving the daily pivot point at 1.1061.

June 29, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1112 1.1162 1.1214
Support 1.1011 1.0959 1.0909
Primary Scenario EURUSD is revolving the daily pivot point at 1.1061. A bounce up from current levels will accelerate the pair to retest the barrier at 1.1112 and even higher at 1.1162.
Alternative Scenario A reversal back below the daily pivot will push the market down to 1.1011.

GBPUSD H4
Resistance 1.3438 1.3538 1.3659
Support 1.3218 1.3097 1.2998
Primary Scenario The pair is gyrating the daily pivot (1.3317). If the pair manages to withstand the sellers’ pressure, the next resistance is seen at 1.3438 and then higher at 1.3538.
Alternative Scenario On the other hand, a plunge of GBPUSD below the daily pivot will pave the path down to 1.3218.

USDCHF H4
Resistance 0.9848 0.9879 0.9922
Support 0.9774 0.9731 0.9700
Primary Scenario USDCHF topped up at 0.9836, before closing below the daily pivot at 0.9805. A deeper correction of the exchange rate would push prices to find support at 0.9774 and further down to 0.9731.
Alternative Scenario An upward wave above the daily pivot will lift the currency pair towards 0.9848.

USDJPY H4
Resistance 102.56 103.23 103.95
Support 102.23 101.11 100.22
Primary Scenario The pair is oscillating between the suppoort level at 101.11 and the resistance level at 103.23. A break back below the support at 102.23 will open the way down to 101.11.
Alternative Scenario Alternatively, a higher thrust above the hurdle at 102.56 will fuel the pair towards 103.23.

AUDUSD H4
Resistance 0.7424 0.7466 0.7518
Support 0.7331 0.7279 0.7238
Primary Scenario AUDUSD is now testing the important resistance level at 0.7424. A successful attempt to penetrate this level will trigger the market to retest the forthcoming resistance at 0.7466 and even higher at 0.7518.
Alternative Scenario A comeback of the pair below the daily pivot (0.7373) will lead the market down to 0.7331.

 

Article by ForexTime

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