August 20, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1162 | 1.1206 | 1.1279 |
| Support | 1.1046 | 1.0973 | 1.0929 |
| Primary Scenario | EURUSD turned sharply bullish. If the pair manages to extend its momentum, it will climb towards the resistance level at 1.1162 and then higher at 1.1206. | ||
| Alternative Scenario | A reversal back below the daily pivot will push the market to find support at 1.1046. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5707 | 1.5735 | 1.5772 |
| Support | 1.5642 | 1.5606 | 1.5577 |
| Primary Scenario | The pair is pivoting around the daily pivot (1.5671). A decisive movement to the north will trigger the market to retest the hurdle at 1.5707 and further to 1.5735. | ||
| Alternative Scenario | On the other hand, a comeback of GBPUSD below the daily pivot will target the barrier at 1.5642. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9740 | 0.9825 | 0.9873 |
| Support | 0.9606 | 0.9557 | 0.9472 |
| Primary Scenario | USDCHF is following a downtrend. If the pair achieves to breach the key support level at 0.9606, the next target is seen at 0.9557. | ||
| Alternative Scenario | A higher thrust of the currency pair above the daily pivot will lift the market towards the resistance at 0.9740. | ||
 | USDJPY | H4 | |
| Resistance | 124.06 | 124.36 | 124.53 |
| Support | 123.67 | 123.50 | 123.08 |
| Primary Scenario | The pair is now testing the Tenkan-sen level at 124.06. A failed attempt to move higher will push prices to find support at 123.67 and then lower at 123.50. | ||
| Alternative Scenario | Alternatively, an upward wave would lead USDJPY to penetrate the hurdle at 124.06, with immediate target the resistance level at 124.36. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7375 | 0.7406 | 0.7438 |
| Support | 0.7312 | 0.7280 | 0.7250 |
| Primary Scenario | AUDUSD is gyrating the daily pivot point at 0.7343. If the pair manages to withhold the sellers’ pressure, the next resistance is seen at 0.7375 and even higher at 0.7406. | ||
| Alternative Scenario. | A drop of the market below the daily pivot will open the way down to the forthcoming support level at 0.7312. | ||
Article by ForexTime
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