January 15, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0924 | 1.0987 | 1.1032 |
| Support | 1.0815 | 1.0770 | 1.0707 |
| Primary Scenario | EURUSD is negotiating slightly below the daily pivot point at 1.0879. Any forceful movement to the south will open the way down to 1.0815 and then lower at 1.0770. | ||
| Alternative Scenario | A higher thrust of the exchange rate would lift the market above the daily pivot, targeting the resistance at 1.0924. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.4449 | 1.4489 | 1.4534 |
| Support | 1.4364 | 1.4319 | 1.4279 |
| Primary Scenario | The pair is oscillating around the daily pivot at 1.4404. A bounce up from current levels will trigger the market to hit the resistance level at 1.4449 and further up to 1.4489. | ||
| Alternative Scenario | Alternatively, a plunge of GBPUSD below the daily pivot will push prices to find support at 1.4364. | ||
 | USDCHF | H4 | |
| Resistance | 1.0087 | 1.0130 | 1.0169 |
| Support | 1.0005 | 0.9966 | 0.9923 |
| Primary Scenario | The strength of USDCHF faded. A deeper correction of the currency pair will lead the market to find support at 1.0005 and even lower at 0.9966. | ||
| Alternative Scenario | An upward wave would fuel the pair to exceed the daily pivot (1.0048), with immediate target the resistance at 1.0087. | ||
 | USDJPY | H4 | |
| Resistance | 117.97 | 118.29 | 118.67 |
| Support | 117.76 | 117.27 | 116.67 |
| Primary Scenario | The pair is now testing the lower level of the cloud. A failed attempt to penetrate this level will most likely push USDJPY to breach the support at 117.76, paving the way down to 117.27. | ||
| Alternative Scenario | On the other hand, a successful penetration of the barrier at 117.97 will lead the market within the Kumo, targeting the forthcoming resistance at 118.29. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7016 | 0.7049 | 0.7102 |
| Support | 0.6929 | 0.6878 | 0.6842 |
| Primary Scenario | AUDUSD is now heading towards the support level at 0.6929. A break back below this level will push the pair to find support at 0.6878. | ||
| Alternative Scenario. | Should the pair manage to surpass the daily pivot (0.6962), the next resistance is seen at 0.7016. | ||
Article by ForexTime
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