July 31, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0982 | 1.1033 | 1.1078 |
| Support | 1.0886 | 1.0841 | 1.0790 |
| Primary Scenario | EURUSD bottomed at 1.0886, before retracing above the daily pivot point at 1.0937. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 1.0982 and 1.1033. | ||
| Alternative Scenario | Should the pair achieve to break below the daily pivot, it will retest the support level at 1.0886. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5639 | 1.5679 | 1.5718 |
| Support | 1.5560 | 1.5521 | 1.5481 |
| Primary Scenario | The pair is oscillating around the daily pivot (1.5600). A decisive movement to the north will trigger the market to exceed the hurdle in line at 1.5639, with immediate target the resistance at 1.5679. | ||
| Alternative Scenario | Alternatively, a comeback of the market will push GBPUSD below the daily pivot, in deeper correction, towards the support level at 1.5560. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9716 | 0.9743 | 0.9769 |
| Support | 0.9664 | 0.9639 | 0.9612 |
| Primary Scenario | USDCHF is now testing the support level at 0.9664. A drop below this level will most likely lead the pair to find support at 0.9639 and even lower at 0.9612. | ||
| Alternative Scenario | A higher thrust of the market will fuel the pair to target the daily pivot (0.9691) and further up to 0.9716. | ||
 | USDJPY | H4 | |
| Resistance | 124.06 | 124.57 | 125.03 |
| Support | 123.95 | 123.78 | 123.40 |
| Primary Scenario | The pair is negotiating slightly above the upper level of the Kumo. A bounce up from current levels will generate strength for USDJPY to penetrate the hurdle at 124.06. If that happens, the next resistance is estimated at 124.57. | ||
| Alternative Scenario | On the other hand, a plunge of the exchange rate below the critical support at 123.95 will bring the pair into the cloud, targeting the support level at 123.78. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7323 | 0.7356 | 0.7390 |
| Support | 0.7256 | 0.7221 | 0.7188 |
| Primary Scenario | AUDUSD is gyrating the daily pivot point (0.7288). An upside momentum will lead the pair to eliminate the barrier at 0.7323 and the market will attempt to target the forthcoming resistance at 0.7356. | ||
| Alternative Scenario | A setback of the currency pair will push prices below the daily pivot to find support at 0.7256. | ||
Article by ForexTime
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