GBPUSD is still trading in a bearish sentiment.

September 25, 2015

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.12951.13601.1426
Support1.11631.10981.1032
Primary ScenarioEURUSD edged up at 1.1295, before retracing below the daily pivot point at 1.1229. A break back below the support level at 1.1163 will most likely open the way down to 1.1098 and even lower at 1.1032.
Alternative ScenarioAn upward wave would lift the exchange rate towards the daily pivot and further up to 1.1295.

 

EURUSDH4

 

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.52861.53311.5375
Support1.51981.51551.5110
Primary ScenarioThe pair is still trading in a bearish sentiment. If GBPUSD manages to extend its downtrend, the rate will violate the key support at 1.5198, with immediate target the level at 1.5155.
Alternative ScenarioShould the pair achieve to exceed the daily pivot (1.5243), it will reach the resistance level at 1.5286.

 

GBPUSDH4

 

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.98120.98760.9948
Support0.96760.96030.9540
Primary ScenarioUSDCHF is trading near the previous top at 0.9812. A successful penetration of this level will trigger the market to hit the forthcoming resistance at 0.9876 and then higher at 0.9948.
Alternative ScenarioA reversal back would bring the market into a correction course, pushing prices down to the daily pivot (0.9739) and further down to 0.9676.

 

USDCHFH4

 

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance120.37120.64120.98
Support120.18120.01119.52
Primary ScenarioThe USDJPY pair has entered a new bullish outlook. A bounce up from current levels will fuel the exchange rate to surpass the hurdle at 120.37, targeting the resistance level 120.64.
Alternative ScenarioOn the other hand, a plunge of the currency pair will bring the market within the Kumo. The next support is seen at 120.01.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.70610.71040.7166
Support0.69570.68950.6852
Primary ScenarioAUDUSD has recovered from the previous low and is now trading slightly above the daily pivot at 0.6999. If the pair manages to withstand the sellers’ pressure, the next resistance is estimated at 0.7061 and even higher at 0.7104.
Alternative Scenario. A comeback of the currency pair will push prices to find support below the daily pivot point at 0.6957.

 

AUDUSDH4

 


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