{"id":70005,"date":"2015-03-24T03:30:29","date_gmt":"2015-03-24T07:30:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=70005"},"modified":"2015-03-24T07:49:22","modified_gmt":"2015-03-24T11:49:22","slug":"gbpusd-revolving-the-daily-pivot-point","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/gbpusd-revolving-the-daily-pivot-point\/","title":{"rendered":"GBPUSD: Revolving the daily pivot point."},"content":{"rendered":"
March 24, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n\n\n\n\n\n\n\n
\"EURUSD<\/a><\/td>\nEURUSD<\/td>\nH4<\/td>\n\"Up<\/td>\n<\/tr>\n
Resistance<\/td>\n1.1021<\/td>\n1.1098<\/td>\n1.1225<\/td>\n<\/tr>\n
Support<\/td>\n1.0817<\/td>\n1.0690<\/td>\n1.0613<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD is now trading near the previous top. If bulls manage to overweigh the bears\u2019 pressure, it will retest the hurdle at 1.1021 and then higher at 1.1098.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA comeback of the market will push the pair below the daily pivot (1.0894) and further down to 1.0817.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"EURUSDH4\"<\/a><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
\"GBPUSD<\/a><\/td>\nGBPUSD<\/td>\nH4<\/td>\n\"Up<\/td>\n<\/tr>\n
Resistance<\/td>\n1.5005<\/td>\n1.5056<\/td>\n1.5140<\/td>\n<\/tr>\n
Support<\/td>\n1.4869<\/td>\n1.4786<\/td>\n1.4734<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair is revolving slightly above the daily pivot point at 1.4921. An upward wave would lift GBPUSD to reach the resistance level at 1.5005 and even higher at 1.5056.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, a plunge of the market below the daily pivot will open the path\u00a0down to the support level at 1.4869.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"GBPUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9766<\/td>\n0.9874<\/td>\n0.9937<\/td>\n<\/tr>\n
Support<\/td>\n0.9595<\/td>\n0.9532<\/td>\n0.9424<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF is following a downtrend. If the pair manages to extend its bearish momentum it will target the support levels at 0.9595 and 0.9532.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA higher thrust of the exchange rate will lead the pair above the daily pivot (0.9703) with immediate target the resistance level at 0.9766. RSI oscillator supports this outlook.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"USDCHFH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n119.83<\/td>\n120.37<\/td>\n120.94<\/td>\n<\/tr>\n
Support<\/td>\n119.29<\/td>\n119.02<\/td>\n118.70<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe USDJPY pair is now poised to retest the previous bottom at 119.29. A break back below this level will most likely push prices lower towards the forthcoming support at 119.29 and then lower at 118.70.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a reversal back above the resistance at 119.83 will trigger the currency pair to target the next resistance level at 120.37.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"USDJPYH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"AUDUSD<\/a><\/td>\nAUDUSD<\/td>\nH4<\/td>\n\"Up<\/td>\n<\/tr>\n
Resistance<\/td>\n0.7927<\/td>\n0.7980<\/td>\n0.8062<\/td>\n<\/tr>\n
Support<\/td>\n0.7792<\/td>\n0.7710<\/td>\n0.7657<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD surged above the daily pivot at 0.7845. A sustained trading above this level will generate strength for the market to climbs towards the next targets at 0.7927 and 0.7980 respectively.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA drop of the market below the daily pivot point will push the pair to find support at 0.7792.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"AUDUSDH4\"<\/a><\/p>\n

 <\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime EURUSD H4 Resistance 1.1021 1.1098 1.1225 Support 1.0817 1.0690 1.0613 Primary Scenario EURUSD is now trading near the previous top. If bulls manage to overweigh the bears\u2019 pressure, it will retest the hurdle at 1.1021 and then higher at 1.1098. Alternative Scenario A comeback of the market will push the pair below […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70005","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=70005"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70005\/revisions"}],"predecessor-version":[{"id":70040,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70005\/revisions\/70040"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}