December 2, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0657 | 1.0683 | 1.0731 |
| Support | 1.0583 | 1.0535 | 1.0509 |
| Primary Scenario | EURUSD found support at the daily pivot (1.0609). Should the pair manage to withhold the sellers’ pressure, it will climb towards the resistance level at 1.0657 and even higher at 1.0683. | ||
| Alternative Scenario | Any downward momentum will push prices to hit the support level at 1.0583. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5118 | 1.5159 | 1.5193 |
| Support | 1.5043 | 1.5009 | 1.4968 |
| Primary Scenario | The pair is negotiating below the daily pivot point at 1.5084. Any decisive movement to the south will lead GBPUSD to break the support level at 1.5043, opening the way down to 1.5009. | ||
| Alternative Scenario | On the other hand, a higher thrust of the market above the daily pivot will lift the exchange rate towards the resistance at 1.5118. | ||
 | USDCHF | H4 | |
| Resistance | 1.0287 | 1.0318 | 1.0335 |
| Support | 1.0239 | 1.0223 | 1.0192 |
| Primary Scenario | USDCHF lost its momentum and is now trading below the daily pivot (1.0270). Further drop of the market will push prices to find support at 1.0239 and further down to 1.0223. | ||
| Alternative Scenario | A surge of the pair above the daily pivot will trigger the market to retest the hurdle at 1.0287. | ||
 | USDJPY | H4 | |
| Resistance | 123.08 | 123.33 | 123.73 |
| Support | 122.98 | 122.81 | 122.63 |
| Primary Scenario | The pair is now testing the barrier at 123.08. A successful penetration of this level will fuel the pair further towards the resistance level at 123.33. | ||
| Alternative Scenario | Alternatively, a comeback of USDJPY below the upper level of the Kumo (122.98) will push the pair within the cloud, with immediate target the support at 122.81. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7363 | 0.7406 | 0.7477 |
| Support | 0.7249 | 0.7178 | 0.7134 |
| Primary Scenario | AUDUSD surged into fresh highs in today’s session. If the pair manages to extend its momentum, the next resistance is seen at 0.7363 and then higher at 0.7406. | ||
| Alternative Scenario. | A reversal back below the daily pivot (0.7292) will eye the rate down to 0.7249. | ||
Article by ForexTime
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