October 8, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1276 | 1.1316 | 1.1348 |
| Support | 1.1203 | 1.1171 | 1.1131 |
| Primary Scenario | EURUSD is revolving the daily pivot point (1.1243). Any forceful movement to the north will fuel the pair to surpass the critical resistance at 1.1276, targeting the forthcoming level at 1.1316. | ||
| Alternative Scenario | Alternatively, should the pair manage to violate the daily pivot, it will open the way down to 1.1203. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5364 | 1.5412 | 1.5486 |
| Support | 1.5242 | 1.5169 | 1.5121 |
| Primary Scenario | The pair has finally achieved to penetrate the daily pivot point at 1.5290. If GBPUSD manages to withhold the sellers’ pressure, it will climb towards the resistance level at 1.5364 and even higher at 1.5412. | ||
| Alternative Scenario | On the other hand, a reversal back below the daily pivot would push prices down to 1.5242. | ||
 | USDCHF | H4 | |
| Resistance | 0.9766 | 0.9798 | 0.9858 |
| Support | 0.9675 | 0.9615 | 0.9583 |
| Primary Scenario | USDCHF surged above the daily pivot (0.9707). Further increase of the exchange rate will lead the pair to target the resistance levels at 0.9766 and 0.9798. | ||
| Alternative Scenario | A break back below the support level will push the pair to find support at 0.9675. | ||
 | USDJPY | H4 |  |
| Resistance | 119.94 | 120.22 | 120.55 |
| Support | 119.81 | 119.61 | 119.17 |
| Primary Scenario | The is now testing the key support level at 119.81. If the bears take control of the bulls, the currency pair will pave the path down to 119.61 and then lower at 119.17. | ||
| Alternative Scenario | An upward wave would lift the market within the cloud towards the hurdle at 120.22 | ||
 | AUDUSD | H4 | |
| Resistance | 0.7243 | 0.7281 | 0.7328 |
| Support | 0.7158 | 0.7115 | 0.7073 |
| Primary Scenario | AUDUSD edged up at 0.7243, before retracing below the daily pivot at 0.7196. A deeper correction of the market will lead the pair to breach the support at 0.7158, pushing the rate underway towards the support level at 0.7115. | ||
| Alternative Scenario. | A successful attempt to exceed the daily pivot will trigger the market to retest the hurdle at 0.7243. | ||
Article by ForexTime
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