EURUSD turned sharply bullish

September 8, 2015

	EURUSD	H4
Resistance	1.1189	1.1211	1.1245
Support	1.1133	1.1099	1.1077
Primary Scenario	EURUSD turned sharply bullish in today’s session. A leap of the market will push the pair above the hurdle at 1.1211, targeting the resistance level at 1.1245.
Alternative Scenario	A failed attempt to move higher will lead the pair to find support at 1.1189.

	GBPUSD	H4
Resistance	1.5312	1.5358	1.5429
Support	1.5195	1.5124	1.5078
Primary Scenario	The pair has just surpassed the key resistance level at 1.5312. If GBPUSD manages to extend its momentum, the next resistance is seen at 1.5358 and further up to 1.5429.
Alternative Scenario	A plunge of the market below the now-support level at 1.5312 will open the way down to the daily pivot at 1.5241.

	USDCHF	H4
Resistance	0.9771	0.9795	0.9828
Support	0.9714	0.9682	0.9657
Primary Scenario	A strong bearish movement led USDCHF to clear the daily pivot at 0.9738 and the support level at 0.9714. Further drop of the currency pair will pave the way down to 0.9682.
Alternative Scenario	Alternatively, a higher thrust of the market will lift the exchange rate above the hurdle at 0.9714 towards the daily pivot at 0.9738.

	USDJPY	H4
Resistance	119.20	119.63	120.12
Support	118.85	118.23	117.62
Primary Scenario	The bearish scenario is still in effect. Should the pair achieve to breach the support level at 118.85, the next support is estimated at 118.23.
Alternative Scenario	On the other hand, an upward wave would fuel the pair above the barrier at 119.20, with immediate target the resistance level at 119.63.

	AUDUSD	H4
Resistance	0.6944	0.6966	0.6982
Support	0.6905	0.6889	0.6867
Primary Scenario	AUDUSD bounced up from the previous bottom and is now trading below the resistance level at 0.6966. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance levels at 0.6966 and 0.6982.
Alternative Scenario.	A drop of the market below the support level at 0.6944 will push prices to find support at the daily pivot (0.6927).

Article by ForexTime

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