October 13, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1384 | 1.1411 | 1.1427 |
| Support | 1.1342 | 1.1326 | 1.1299 |
| Primary Scenario | The strength of the market faded and EURUSD proceeded into a correction, hitting the support level at 1.1342. If the pair manages to violate this level, will most likely lead the exchange rate in deeper correction towards the next support level at 1.1326. | ||
| Alternative Scenario | Alternatively, a higher thrust of the market will lift the currency pair above the daily pivot (1.1369) with immediate target the resistance at 1.1384. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5375 | 1.5406 | 1.5439 |
| Support | 1.5311 | 1.5278 | 1.5247 |
| Primary Scenario | The pair is now testing the support level at 1.5311. A break back below this level will push prices underway towards the support level at 1.5278 and then lower to 1.5247. | ||
| Alternative Scenario | An upward wave would generate strength for GBPUSD to penetrate the daily pivot (1.5342), targeting the forthcoming resistance at 1.5375. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9638 | 0.9652 | 0.9674 |
| Support | 0.9603 | 0.9581 | 0.9567 |
| Primary Scenario | USDCHF bounced up from the previous bottom and is now heading towards the hurdle at 0.9638. Should the pair achieve to exceed this level, the next resistance is seen at 0.9652 and further up to 0.9674. | ||
| Alternative Scenario | A comeback of the exchange rate would push the market below the daily pivot at 0.9616, opening the way down to 0.9603. | ||
 | USDJPY | H4 | |
| Resistance | 119.95 | 120.21 | 120.49 |
| Support | 119.79 | 119.53 | 119.23 |
| Primary Scenario | A strong bearish movement led USDJPY below the cloud. If the pair manages to violate the key support level at 119.79, it will pave the path lower towards the support level at 119.53. | ||
| Alternative Scenario | On the other hand, an upward wave would act as a catalyst for the market to surpass the hurdle at 119.95, bringing the pair into a bullish sentiment. The next resistance is estimated at 120.21. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7392 | 0.7425 | 0.7469 |
| Support | 0.7315 | 0.7271 | 0.7237 |
| Primary Scenario | AUDUSD has just breached the critical support level at 0.7315. If the pair manages to extend its momentum, it will drop further towards the support levels at 0.7271 and 0.7237. | ||
| Alternative Scenario. | A reversal back above the now-resistance at 0.7315 will lead the market to target the daily pivot at 0.7348. | ||
Article by ForexTime
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