December 8, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0852 | 1.0930 | 1.0973 |
| Support | 1.0791 | 1.0747 | 1.0699 |
| Primary Scenario | EURUSD bounced up from the previous low and is now heading towards the resistance at 1.0852. A successful penetration of this level will fuel the pair further towards the forthcoming resistance level at 1.0930. | ||
| Alternative Scenario | A plunge of the market below the daily pivot (1.0838) will open the way down to 1.0791. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5096 | 1.5140 | 1.5166 |
| Support | 1.5026 | 1.5000 | 1.4956 |
| Primary Scenario | The pair is trading in a bearish momentum. If the pair manages to extend its momentum, the next support is seen at 1.5026 and then lower at 1.5000. | ||
| Alternative Scenario | On the other hand, a comeback of the market will lift GBPUSD towards the daily pivot point at 1.5070. | ||
 | USDCHF | H4 | |
| Resistance | 1.0029 | 1.0065 | 1.0099 |
| Support | 0.9959 | 0.9925 | 0.9889 |
| Primary Scenario | USDCHF is negotiating around the daily pivot (0.9995). Any decisive movement to the south will lead the pair to retest the support level at 0.9959 and even lower at 0.9925. | ||
| Alternative Scenario | If the pair achieves to surpass the daily pivot, it will climb towards the resistance level at 1.0029. | ||
 | USDJPY | H4 | |
| Resistance | 123.25 | 123.47 | 123.66 |
| Support | 123.04 | 122.90 | 122.68 |
| Primary Scenario | The pair is moving sideways, but still above the Kumo. An upward wave would trigger the market to exceed the hurdle at 123.25, targeting the resistance level at 123.47. | ||
| Alternative Scenario | Alternatively, a break back below the support level at 123.04 will pave the path down to the upper level of the cloud at 122.90. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7319 | 0.7373 | 0.7404 |
| Support | 0.7233 | 0.7202 | 0.7148 |
| Primary Scenario | AUDUSD cleared the daily pivot (0.7287) and the support level at 0.7233. Further drop of the market will push prices down to 0.7202 and even lower at 0.7148. | ||
| Alternative Scenario. | A higher thrust of the currency pair above the barrier at 0.7233 will lead the rate to reach the daily pivot point. | ||
Article by ForexTime
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