August 21, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1287 | 1.1334 | 1.1424 |
| Support | 1.1150 | 1.1059 | 1.1012 |
| Primary Scenario | EURUSD continues its bullish sentiment and it is now testing a fresh high at 1.1287. If the pair manages to extend its uptrend, the next resistance is seen at 1.1334 and further up to 1.1424. | ||
| Alternative Scenario | A comeback of the market will push prices to find support at the daily pivot point at 1.1196. RSI oscillator supports this outlook. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5724 | 1.5760 | 1.5819 |
| Support | 1.5629 | 1.5569 | 1.5533 |
| Primary Scenario | The pair is moving sideways during this week. If GBPUSD achieves to penetrate the barrier at 1.5724, it will climb towards the resistance level at 1.5760. | ||
| Alternative Scenario | A failed attempt to move higher will lead the currency pair to retest the daily pivot (1.5665) and then lower at 1.5629. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9641 | 0.9699 | 0.9728 |
| Support | 0.9554 | 0.9525 | 0.9467 |
| Primary Scenario | USDCHF is now heading towards the support level at 0.9554. A break back below this level will most likely open the way down to 0.9525 and then lower to 0.9467. | ||
| Alternative Scenario | An upward wave would lift the exchange rate towards the daily pivot at 0.9612 and a correction phase will be in effect. RSI is trading within an oversold territory. | ||
 | USDJPY | H4 | |
| Resistance | 123.31 | 123.77 | 124.27 |
| Support | 122.80 | 122.42 | 121.82 |
| Primary Scenario | The USDJPY pair is following a downtrend. Further drop of the market will push the pair below the key support level at 122.80, targeting the forthcoming level at 122.42 and further down to 121.82. | ||
| Alternative Scenario | On the other hand, a higher thrust of the pair will fuel the rate towards the resistance at 123.31. RSI supports this sentiment. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7376 | 0.7418 | 0.7464 |
| Support | 0.7288 | 0.7242 | 0.7200 |
| Primary Scenario | AUDUSD is trading slightly below the daily pivot at 0.7330. A decisive movement to the south will trigger the market to breach the barrier at 0.7288, with immediate target the support level at 0.7242. | ||
| Alternative Scenario. | A surge of the market above the daily pivot will lift the exchange rate towards the resistance at 0.7376. | ||
Article by ForexTime
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