EURUSD edged up at 1.1459.

September 21, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1411 1.1530 1.1601
Support 1.1220 1.1149 1.1030
Primary Scenario EURUSD edged up at 1.1459, before closing below the daily pivot point at 1.1339. A decisive movement to the south will most likely lead the exchange rate to retest the support level at 1.220 and even lower to 1.1149.
Alternative Scenario A higher thrust of the currency pair will lift the market above the daily pivot, towards the resistance level at 1.1411.

 

 

GBPUSD H4
Resistance 1.5611 1.5707 1.5756
Support 1.5467 1.5417 1.5322
Primary Scenario The pair topped up at 1.5658, before retracing below the daily pivot (1.5562). A plunge of GBPUSD will push prices to find support at 1.5467 and then lower at 1.5417.
Alternative Scenario Alternatively, an upward wave would trigger the market to penetrate the daily pivot, with immediate target the resistance at 1.5611.

 

 

USDCHF H4
Resistance 0.9750 0.9815 0.9927
Support 0.9573 0.9461 0.9396
Primary Scenario USDCHF bounced up from the previous bottom and is now trading above the daily pivot point at 0.9638. If the pair manages to withhold the sellers’ pressure, the next resistance is seen at 0.9750 and further up to 0.9815.
Alternative Scenario Should the pair achieve to break the daily pivot, the rate will retest the support level at 0.9573.

 

 

USDJPY H4
Resistance 119.93 120.18 120.46
Support 119.65 119.25 118.84
Primary Scenario The pair is now testing the lower level of the cloud at 119.93. A failed attempt to surpass this level will push USDJPY down to the support level at 119.65 and then lower at 119.25.
Alternative Scenario On the other hand, a successful attempt to exceed the barrier at 119.93 would fuel the pair further towards the resistance level at 120.18.

AUDUSD H4
Resistance 0.7256 0.7326 0.7373
Support 0.7139 0.7092 0.7022
Primary Scenario AUDUSD is heading towards the support level at 0.7139. A break back below this level will lead the currency pair to target the forthcoming support levels at 0.7092 and 0.7022.
Alternative Scenario. A surge of the exchange rate will lift the pair to penetrate the daily pivot (0.7209), targeting the resistance level at 0.7256.

 


 

Article by ForexTime

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