December 26, 2014
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.2223 | 1.2274 | 1.2303 |
| Support | 1.2142 | 1.2112 | 1.2061 |
| Primary Scenario | EURUSD is oscillating around the daily pivot (1.2193). Any forceful movement to the south will push prices to find support at 1.2142 and further down to 1.2112. | ||
| Alternative Scenario | A higher thrust of the market will lead the pair above the daily pivot and even higher at 1.2223. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5589 | 1.5659 | 1.5711 |
| Support | 1.5467 | 1.5415 | 1.5345 |
| Primary Scenario | The pair is gyrating the daily pivot at 1.5537. An upward wave would trigger the market, to target the resistance levels at 1.5589 and 1.5659. | ||
| Alternative Scenario | Should GBPUSD currency pair manage to breach the daily pivot, it will move lower to the support level at 1.5467. | ||
 | USDCHF | H4 | |
| Resistance | 0.9900 | 0.9923 | 0.9961 |
| Support | 0.9839 | 0.9802 | 0.9779 |
| Primary Scenario | USDCHF bounced up from the previous bottom and it is now poised to test the hurdle at 0.9900. If that happens, the pair will gain momentum to penetrate this level, with immediate target the resistance at 0.9923. | ||
| Alternative Scenario | A comeback of the currency rate below the daily pivot, will push prices to find support at 0.9839. | ||
 | USDJPY | H4 | |
| Resistance | 120.81 | 121.27 | 121.83 |
| Support | 120.26 | 119.86 | 119.43 |
| Primary Scenario | The USDJPY pair is currently trading near the previous high. A decisive movement to the north, will generate strength for the market to exceed the hurdle at 120.81. The next resistance is estimated at 121.27. | ||
| Alternative Scenario | A plunge of the exchange rate will bring the market into a correction course, with immediate targets, the support levels at 120.26 and 119.86. | ||
 | AUDUSD | H4 | |
| Resistance | 0.8135 | 0.8167 | 0.8191 |
| Support | 0.8078 | 0.8054 | 0.8022 |
| Primary Scenario | AUDUSD has been trapped between the support level at 0.8078 and the resistance level at 0.8135. If the bears take control and manage to overweight the bulls’ pressure, it will attempt to violate the support level at 0.8078. The next target is seen at 0.8054. | ||
| Alternative Scenario | A surge of the market above the daily pivot at 0.8110, will target the resistance level at 0.8135. | ||
Article by ForexTime
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