January 13, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0894 | 1.0937 | 1.0975 |
| Support | 1.0814 | 1.0776 | 1.0733 |
| Primary Scenario | EURUSD poised for decline. Any decisive breach of the important support at 1.0814 will push the exchange rate to find support at 1.0776. | ||
| Alternative Scenario | A surge of the market above the daily pivot will trigger the currency pair to hit the resistance at 1.0894. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.4550 | 1.4659 | 1.4758 |
| Support | 1.4342 | 1.4242 | 1.4134 |
| Primary Scenario | Having flirted with the previous bottom at 1.4342, GBPUSD closed above the daily pivot (1.4451). An extended correction of the market will lift the rate towards the resistance at 1.4550 and even higher at 1.4659. | ||
| Alternative Scenario | Alternatively, a plunge of the market below the daily pivot will lead the pair underway towards the support level at 1.4342. | ||
 | USDCHF | H4 | |
| Resistance | 1.0054 | 1.0089 | 1.0133 |
| Support | 0.9974 | 0.9929 | 0.9894 |
| Primary Scenario | USDCHF is now testing the hurdle at 1.0054. A successful penetration of this level will accelerate the pair to target the forthcoming resistance levels at 1.0089 and 1.0133. | ||
| Alternative Scenario | A reversal back will push prices to find support at the daily pivot point (1.0009). | ||
 | USDJPY | H4 | |
| Resistance | 118.34 | 118.83 | 119.27 |
| Support | 118.03 | 117.62 | 117.17 |
| Primary Scenario | The trend has been overall neutral this week. A fruitless attempt to exceed the barrier at 118.34 will lead USDJPY to violate the support at 118.03, with immediate target the next level at 117.62. | ||
| Alternative Scenario | On the other hand, a surpass of the hurdle at 118.34 would fuel the pair towards the next resistance at 118.83. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7021 | 0.7061 | 0.7102 |
| Support | 0.6940 | 0.6899 | 0.6859 |
| Primary Scenario | AUDUSD has just crossed the hurdle at 0.7021 and intends to reach the forthcoming resistance level at 0.7061. If that happens, the next resistance is seen at 0.7102. | ||
| Alternative Scenario. | A break back below the now-support at 0.7021 will open the way down to the daily pivot at 0.6980. | ||
Article by ForexTime
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