May 24, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1244 | 1.1270 | 1.1299 |
| Support | 1.1189 | 1.1160 | 1.1134 |
| Primary Scenario | EURUSD is oscillating around the daily pivot point at 1.1215. A tumble of the market below the key support at 1.1189 will open the way down to 1.1160. | ||
| Alternative Scenario | A higher thrust of the currency pair will trigger the market to surpass the daily pivot, with immediate target the resistance at 1.1244. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4539 | 1.4596 | 1.4645 |
| Support | 1.4432 | 1.4383 | 1.4325 |
| Primary Scenario | The pair is hovering slightly below the daily pivot (1.4490). A decisive movement to the south will push GBPUSD to find support at 1.4432 and even lower at 1.4383. | ||
| Alternative Scenario | On the other hand, an upward wave above the daily pivot will fuel the market towards 1.4539. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9915 | 0.9939 | 0.9955 |
| Support | 0.9874 | 0.9858 | 0.9834 |
| Primary Scenario | USDCHF is now poised to penetrate the hurdle in line at 0.9915. If that happens, the next resistance is seen at 0.9939 and further up to 0.9955. | ||
| Alternative Scenario | A reversal back below the daily pivot (0.9898) will lead the exchange rate to hit the support at 0.9874. | ||
 | USDJPY | H4 | |
| Resistance | 109.44 | 109.94 | 110.57 |
| Support | 109.09 | 108.71 | 108.20 |
| Primary Scenario | The pair is negotiating narrowly above the upper level of the kumo. A bounce up from current levels will accelerate USDJPY to target the resistance levels at 109.44 and then higher at 109.94. | ||
| Alternative Scenario | Alternatively, a break back below the upper level of the cloud (109.09) will pave the path down to 108.71. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7255 | 0.7289 | 0.7320 |
| Support | 0.7190 | 0.7159 | 0.7125 |
| Primary Scenario | AUDUSD is now testing the support level at 0.7190. Should the bears achieve to take control of the bulls, the exchange rate will eliminate this level, targeting the forthcoming support at 0.7159 and even lower at 0.7125. | ||
| Alternative Scenario | A surge of the market will lift the currency pair towards the daily pivot. Further increase of the prices will exceed the daily pivot and the next resistance is seen at 0.7255. | ||
Article by ForexTime
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