{"id":71835,"date":"2015-05-01T01:45:37","date_gmt":"2015-05-01T05:45:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=71835"},"modified":"2015-05-01T07:29:00","modified_gmt":"2015-05-01T11:29:00","slug":"after-forming-a-double-top-at-1-5497-gbpusd-dropped-below-the-daily-pivot-at-1-5381","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/after-forming-a-double-top-at-1-5497-gbpusd-dropped-below-the-daily-pivot-at-1-5381\/","title":{"rendered":"After forming a double top at 1.5497, GBPUSD dropped below the daily pivot at 1.5381."},"content":{"rendered":"
May 1, 2015<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n\n\n\n\n\n\n\n
\"EURUSD<\/a><\/td>\nEURUSD<\/td>\nH4<\/td>\n\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.1302<\/td>\n1.1381<\/td>\n1.1497<\/td>\n<\/tr>\n
Support<\/td>\n1.1107<\/td>\n1.0991<\/td>\n1.0912<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD\u00a0is now following an uptrend. A persistent trading above the daily pivot point (1.1186) will most likely trigger the market to target the forthcoming resistance level at 1.1302 and further up to 1.1381.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nShould the pair achieve to breach the daily pivot, it will find support at 1.1107. RSI oscillator supports this scenario.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"EURUSDH4\"<\/a>
\n<\/a>
\n<\/a><\/p>\n\n\n\n\n\n\n\n
\"GBPUSD<\/a><\/td>\nGBPUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.5460<\/td>\n1.5570<\/td>\n1.5648<\/td>\n<\/tr>\n
Support<\/td>\n1.5272<\/td>\n1.5193<\/td>\n1.5084<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAfter forming a double top at 1.5497, GBPUSD experienced strong resistance and dropped below the daily pivot at 1.5381. A sustained trading below this level will open the way down to 1.5272 and even lower at 1.5193.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAn upward wave would act as a catalyst for the market to penetrate the daily pivot. If that happens, the exchange rate will attempt to retest the hurdle at 1.5460.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"GBPUSDH4\"<\/a><\/p>\n

 <\/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>\n0.9409<\/td>\n0.9497<\/td>\n0.9548<\/td>\n<\/tr>\n
Support<\/td>\n0.9270<\/td>\n0.9219<\/td>\n0.9131<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF is negotiating narrowly below the daily pivot point at 0.9358. If the bears manage to take control of the bulls, the next support is seen at 0.9270 and 0.9219.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, a surge of the currency pair will lead the marker higher above the daily pivot, towards the resistance at 0.9409. RSI supports this outlook.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDCHFH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n119.75<\/td>\n120.09<\/td>\n120.43<\/td>\n<\/tr>\n
Support<\/td>\n119.45<\/td>\n119.19<\/td>\n118.48<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDJPY is\u00a0now testing the barrier at 119.75. A successful attempt to surpass this level will lift the rate higher towards the resistance level at 120.09 and further up to 120.43.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a comeback of the market will push prices to find support at 119.45 and 119.19.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDJPYH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"AUDUSD<\/a><\/td>\nAUDUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.7996<\/td>\n0.8088<\/td>\n0.8155<\/td>\n<\/tr>\n
Support<\/td>\n0.7837<\/td>\n0.7770<\/td>\n0.7677<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD is hovering below the daily pivot point (0.7929). Any decisive movement to the south will lead the pair to retest the support level at 0.7837. A break back below this level will push the market lower down to 0.7770.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA\u00a0higher thrust of the currency pair will fuel the pair to exceed the daily pivot, with immediate target the resistance at 0.7996.<\/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

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

Article by ForexTime EURUSD H4 Resistance 1.1302 1.1381 1.1497 Support 1.1107 1.0991 1.0912 Primary Scenario EURUSD\u00a0is now following an uptrend. A persistent trading above the daily pivot point (1.1186) will most likely trigger the market to target the forthcoming resistance level at 1.1302 and further up to 1.1381. Alternative Scenario Should the pair achieve to […]<\/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-71835","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71835","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=71835"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71835\/revisions"}],"predecessor-version":[{"id":71858,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71835\/revisions\/71858"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}