GBPUSD opened with a gap in today’s session.

June 20, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1305 1.1337 1.1379
Support 1.1231 1.1189 1.1157
Primary Scenario EURUSD cleared the resistance levels at 1.1305 and 1.1337. If the pair manages to extend its momentum and surpass the hurdle at 1.1379, it will climb towards the next target at 1.1414.
Alternative Scenario A correction course of the market would lead the currency pair to find support at 1.1337.

GBPUSD H4
Resistance 1.4427 1.4502 1.4617
Support 1.4238 1.4123 1.4048
Primary Scenario The pair opened with a gap in today’s session and reached the resistance at 1.4617. A successful attempt to penetrate this level will fuel GBPUSD towards 1.4684.
Alternative Scenario Alternatively, a reversal back of the market would open the way down to 1.4502. RSI oscillator supports this outlook.

USDCHF H4
Resistance 0.9635 0.9682 0.9706
Support 0.9565 0.9541 0.9494
Primary Scenario USDCHF is now testing the support level at 0.9565. A break back below this level will pave the path down to 0.9541 and even lower at 0.9494.
Alternative Scenario A higher thrust of the market above the daily pivot point at 0.9611 will accelerate the market to retest the barrier at 0.9635.

USDJPY H4
Resistance 104.82 105.33 106.02
Support 104.09 103.52 103.02
Primary Scenario The pair is negotiating within the range at 104.09 and 104.82. A decisive movement to the south will push prices to breach the support at 104.09, with immediate target the forthcoming level at 103.52.
Alternative Scenario On the other hand, should USDJPY achieve to exceed the hurdle at 104.82, the next resistance is estimated at 105.33.

AUDUSD H4
Resistance 0.7415 0.7438 0.7466
Support 0.7364 0.7335 0.7312
Primary Scenario AUDUSD is now poised to target the resistance level at 0.7466. If that happens, the exchange rate will propelled towards the next resistance at 0.7503.
Alternative Scenario A setback of the currency pair below the now-support at 0.7438 will pave the path down to 0.7415.

 

Article by ForexTime

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