July 7, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1131 | 1.1162 | 1.1213 |
| Support | 1.1048 | 1.0997 | 1.0966 |
| Primary Scenario | EURUSD is gyrating the daily pivot point at 1.1079. A bounce up from current levels will fuel the pair to retest the hurdle in line at 1.1131 and further up to 1.1162. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will open the way down to 1.1048. | ||
 | GBPUSD | H4 | |
| Resistance | 1.3037 | 1.3147 | 1.3267 |
| Support | 1.2806 | 1.2685 | 1.2575 |
| Primary Scenario | The pair bottomed at 1.2806, before closing above the daily pivot (1.2916). If GBPUSD manages to surpass the barrier at 1.3037, will most likely trigger the market to higher grounds, targeting the forthcoming resistance levels at 1.3147. | ||
| Alternative Scenario | On the other hand, a reversal back below the daily pivot would push prices to find support at 1.2806. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9787 | 0.9829 | 0.9853 |
| Support | 0.9721 | 0.9697 | 0.9655 |
| Primary Scenario | USDCHF edged up at 0.9805, before retracing below the daily pivot at 0.9763. Further drop of the market will pave the path down to 0.9721 and even lower at 0.9697. | ||
| Alternative Scenario | An upward wave to penetrate the daily pivot will accelerate the exchange rate to hit the resistance level at 0.9787. | ||
 | USDJPY | H4 | |
| Resistance | 101.07 | 101.47 | 102.13 |
| Support | 100.72 | 100.18 | 99.71 |
| Primary Scenario | The USDJPY pair is still under pressure. Any forceful movement to the south will push the currency pair to breach the support at 100.72, with immediate target the next support level at 100.18. | ||
| Alternative Scenario | Alternatively, a higher thrust above the hurdle at 101.07 will lift the market towards 101.47. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7559 | 0.7602 | 0.7679 |
| Support | 0.7440 | 0.7364 | 0.7321 |
| Primary Scenario | AUDUSD is moving sideways. A successful attempt to exceed the barrier at 0.7559 would lead the pair towards 0.7602. | ||
| Alternative Scenario | A tumble of the currency pair will push the market to find support at the daily pivot (0.7483) and then lower at 0.7440. | ||
Article by ForexTime
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