October 20, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1368 | 1.1410 | 1.1441 |
| Support | 1.1295 | 1.1263 | 1.1221 |
| Primary Scenario | EURUSD is trading slightly below the daily pivot point at 1.1336. A decisive movement downwards will push the pair to find support at 1.1295 and then lower at 1.1263. | ||
| Alternative Scenario | A surge of the market above the daily pivot will lift the exchange rate towards the resistance at 1.1368. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5496 | 1.5531 | 1.5566 |
| Support | 1.5427 | 1.5392 | 1.5358 |
| Primary Scenario | The pair is now poised to penetrate the hurdle at 1.5496. If that happens, the next resistance is seen at 1.5531 and further up to 1.5566. | ||
| Alternative Scenario | Alternatively, a comeback of GBPUSD will lead the rate below the daily pivot, opening the way down to 1.5427. | ||
 | USDCHF | H4 | |
| Resistance | 0.9585 | 0.9610 | 0.9642 |
| Support | 0.9528 | 0.9495 | 0.9471 |
| Primary Scenario | USDCHF has finally managed to exceed the daily pivot (0.9552). If the pair manages to extend its momentum, it will climb towards the resistance levels at 0.9585 and 0.9610. | ||
| Alternative Scenario | A break back below the daily pivot will push prices to retest the support level at 0.9528. | ||
 | USDJPY | H4 | |
| Resistance | 119.61 | 119.96 | 120.33 |
| Support | 119.35 | 118.90 | 118.05 |
| Primary Scenario | The pair is still trading narrowly below the lower level of the cloud (119.61). A failed attempt to surpass this level will lead USDJPY to breach the Tenkan-sen line (119.35), paving the path lower down to 118.90. | ||
| Alternative Scenario | On the other hand, a higher thrust of the pair will eliminate the hurdle at 119.61, targeting the next resistance level at 119.96. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7289 | 0.7332 | 0.7357 |
| Support | 0.7221 | 0.7195 | 0.7152 |
| Primary Scenario | AUDUSD is oscillating around the daily pivot at 0.7263. An upward wave would trigger the market to exceed the obstacle at 0.7289, with immediate target the resistance at 0.7332. | ||
| Alternative Scenario. | Should the pair achieve to violate the daily pivot, the next support is seen at 0.7221. | ||
Article by ForexTime
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