August 7, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0953 | 1.0982 | 1.1022 |
| Support | 1.0884 | 1.0843 | 1.0814 |
| Primary Scenario | EURUSD finally achieved to exceed the daily pivot point at 1.0913. A sustained trading above this level will accelerate the market to retest the resistance level at 1.0953 and even higher at 1.0982. | ||
| Alternative Scenario | Should the pair manage to break below the daily pivot, it will find support at 1.0884. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5609 | 1.5707 | 1.5778 |
| Support | 1.5440 | 1.5369 | 1.5271 |
| Primary Scenario | A strong bearish movement led GBPUSD to violate the critical support level at 1.5538 (daily pivot). A persistent trading below this level will most likely open the way down to 1.5440 and then lower at 1.5369. | ||
| Alternative Scenario | On the other hand, an upward wave would lift the exchange rate above the daily pivot, with immediate target the resistance level at 1.5609. | ||
 | USDCHF | H4 | |
| Resistance | 0.9846 | 0.9886 | 0.9926 |
| Support | 0.9766 | 0.9726 | 0.9687 |
| Primary Scenario | USDCHF is negotiating on the daily pivot point (0.9806). If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 0.9846 and 0.9886. | ||
| Alternative Scenario | A reversal back below the daily pivot will lead the currency pair to hit the support level at 0.9766. | ||
 | USDJPY | H4 | |
| Resistance | 125.00 | 125.49 | 125.86 |
| Support | 124.70 | 124.27 | 123.94 |
| Primary Scenario | The USDJPY pair has experienced strong resistance in the previous session. A decisive movement to the north will eliminate the hurdle in line at 125.00, targeting the forthcoming resistance at 125.49. | ||
| Alternative Scenario | A plunge of the market below the support level at 124.70 will lead the currency pair underway towards the support level at 124.27. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7384 | 0.7425 | 0.7460 |
| Support | 0.7308 | 0.7273 | 0.7232 |
| Primary Scenario | AUDUSD is oscillating around the daily pivot point at 0.7349. If the pair manages to surpass the resistance at 0.7384, the next target is seen at 0.7425. | ||
| Alternative Scenario | Alternatively, a comeback of the pair below the daily pivot will push prices to find support at 0.7308. | ||
Article by ForexTime
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