{"id":72163,"date":"2015-05-08T01:42:34","date_gmt":"2015-05-08T05:42:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=72163"},"modified":"2015-05-08T06:07:57","modified_gmt":"2015-05-08T10:07:57","slug":"gbpusd-turned-sharply-bullish-after-clearing-all-the-given-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/gbpusd-turned-sharply-bullish-after-clearing-all-the-given-resistance-levels\/","title":{"rendered":"GBPUSD turned sharply bullish, after clearing all the given resistance levels."},"content":{"rendered":"
May 8, 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\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.1359<\/td>\n1.1452<\/td>\n1.1514<\/td>\n<\/tr>\n
Support<\/td>\n1.1205<\/td>\n1.1143<\/td>\n1.1050<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD edged up at 1.1391, before closing below the daily pivot point (1.1298). A deeper correction will lead to a trend change, pushing prices to violate the support at 1.1205, with immediate targets the next support at 1.1143 and even lower to retest 1.1050.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA bounce up from current levels will trigger the market to penetrate the daily pivot, targeting the hurdle in line at 1.1359.<\/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\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.5291<\/td>\n1.5338<\/td>\n1.5402<\/td>\n<\/tr>\n
Support<\/td>\n1.5179<\/td>\n1.5115<\/td>\n1.5068<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair turned sharply bullish, after clearing all the given resistance levels. If GBPUSD manages to continue\u00a0its rally, it will gain momentum to test the key resistance at 1.5551 and further up at 1.5700 (Fibonacci resistance level 423.6%).<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA comeback of the market will push the exchange rate into a correction phase down to 1.5402. RSI oscillator is amounted at 76, trading within an overbought territory.<\/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>\n0.9272<\/td>\n0.9326<\/td>\n0.9427<\/td>\n<\/tr>\n
Support<\/td>\n0.9117<\/td>\n0.9016<\/td>\n0.8962<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0bounced up from the previous bottom and is now heading towards the hurdle at 0.9272. A successful penetration of this level will lift the currency pair to hit the forthcoming resistance at 0.9326.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nShould the pair manage to breach the daily pivot at 0.9171, it will open the way down to 0.9117.<\/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>\n120.05<\/td>\n120.50<\/td>\n120.84<\/td>\n<\/tr>\n
Support<\/td>\n119.78<\/td>\n119.57<\/td>\n119.38<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAfter testing the critical support at 119.05, USDJPY finally achieved to generate strength and proceed to higher levels away from the cloud. A decisive movement upwards will fuel the pair to exceed the barrier at 120.05 and then higher at 120.50.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a plunge of the market below the support level at 119.78, will lead the pair to retest the key support at the upper level of the Kumo (119.57.<\/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>\n0.7976<\/td>\n0.8047<\/td>\n0.8090<\/td>\n<\/tr>\n
Support<\/td>\n0.7862<\/td>\n0.7818<\/td>\n0.7747<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0has tested the support level at 0.7862. Any purposeful movement to the south will push the pair to eliminate this level, targeting the forthcoming support at 0.7818.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA higher thrust of the market above the daily pivot (0.7933) will lift the market towards the resistance at 0.7976.<\/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 1.1359 1.1452 1.1514 Support 1.1205 1.1143 1.1050 Primary Scenario EURUSD edged up at 1.1391, before closing below the daily pivot point (1.1298). A deeper correction will lead to a trend change, pushing prices to violate the support at 1.1205, with immediate targets the next support at 1.1143 and even […]<\/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-72163","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72163","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=72163"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72163\/revisions"}],"predecessor-version":[{"id":72180,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72163\/revisions\/72180"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=72163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=72163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=72163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}