July 4, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1179 | 1.1222 | 1.1277 |
| Support | 1.1082 | 1.1028 | 1.0984 |
| Primary Scenario | EURUSD is trading slightly above the daily pivot point (1.1125). A bounce up from current levels will most likely lead the market to retest the hurdle at 1.1179 and even higher at 1.1222. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will pave the path down to 1.1082. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.3332 | 1.3393 | 1.3437 |
| Support | 1.3227 | 1.3183 | 1.3122 |
| Primary Scenario | The pair is negotiating on the daily pivot at 1.3288. A decisive movement to the south will trigger the market to find support at 1.3227 and further down to 1.3183. | ||
| Alternative Scenario | Alternatively, a successful attempt to penetrate the daily pivot will fuel the pair towards 1.3332. | ||
 | USDCHF | H4 | |
| Resistance | 0.9766 | 0.9808 | 0.9837 |
| Support | 0.9696 | 0.9667 | 0.9625 |
| Primary Scenario | USDCHF is trading narrowly below the daily pivot at 0.9738. Further drop of the market will open the way down to 0.9696 and then lower at 0.9667. | ||
| Alternative Scenario | A surge of the market above the daily pivot will lift the exchange rate to retest the hurdle at 0.9766. | ||
 | USDJPY | H4 | |
| Resistance | 102.91 | 103.36 | 103.97 |
| Support | 102.42 | 102.15 | 101.75 |
| Primary Scenario | The USDJPY pair is trading within the Kumo. Should the pair manage to exceed the barrier at 102.91, it will target the forthcoming resistance level at 103.36. | ||
| Alternative Scenario | On the other hand, a reversal back below the key support at 102.42 will push the pair to find support at 102.15. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7517 | 0.7542 | 0.7583 |
| Support | 0.7451 | 0.7411 | 0.7386 |
| Primary Scenario | AUDUSD is trading near the previous top. An upward wave would accelerate the pair to surpass the hurdle in line at 0.7517, targeting the next resistance level at 0.7542. | ||
| Alternative Scenario | A setback of the currency pair below the daily pivot (0.7477) will lead the rate to retest the support at 0.7451. | ||
Article by ForexTime
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