December 1, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0585 | 1.0608 | 1.0622 |
| Support | 1.0548 | 1.0534 | 1.0511 |
| Primary Scenario | EURUSD is gyrating the daily pivot point at 1.0571. A decisive thrust above the hurdle at 1.0585 will trigger the market towards the resistance level at 1.0608 and further up at 1.0622. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will push the pair to find support at 1.0548. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5084 | 1.5113 | 1.5159 |
| Support | 1.5010 | 1.4964 | 1.4935 |
| Primary Scenario | The pair cleared the key resistance level at 1.5084. A sustained trading above this level will lead the pair to test the forthcoming resistance at 1.5113. A higher thrust of GBPUSD will eliminate this level, with immediate target the hurdle at 1.5159. | ||
| Alternative Scenario | Alternatively, A comeback of the exchange rate will push prices to breach the now-support at 1.5084 and then lower at the daily pivot (1.5039). | ||
 | USDCHF | H4 |  |
| Resistance | 1.0318 | 1.0349 | 1.0379 |
| Support | 1.0257 | 1.0227 | 1.0196 |
| Primary Scenario | The strength of the market faded and USDCHF has violated the daily pivot point at 1.0288. A break back below the support level at 1.0257 will open the way down to 1.0227 and even lower at 1.0196. | ||
| Alternative Scenario | An upward wave would generate strength for the market to exceed the daily pivot, targeting the resistance level at 1.0318. | ||
 | USDJPY | H4 | |
| Resistance | 122.97 | 123.26 | 123.73 |
| Support | 122.80 | 122.56 | 122.20 |
| Primary Scenario | The pair is now poised to surpass the upper level of the Kumo (122.97). If that happens, the next resistance is seen at 123.26 and further up to 123.73. | ||
| Alternative Scenario | On the other hand, a reversal back below the support level at 122.80 will pave the path down to 122.56. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7259 | 0.7294 | 0.7339 |
| Support | 0.7180 | 0.7135 | 0.7101 |
| Primary Scenario | AUDUSD is now testing the critical resistance level at 0.7259. A successful attempt to penetrate this barrier will fuel the pair further towards the next resistance levels at 0.7294 and 0.7339. | ||
| Alternative Scenario. | A comeback of the market will lead the pair to hit the support at the daily pivot at 0.7214. | ||
Article by ForexTime
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