January 12, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0935 | 1.1012 | 1.1056 |
| Support | 1.0813 | 1.0769 | 1.0692 |
| Primary Scenario | EURUSD is pivoting around the daily pivot point at 1.0891. A tumble of the market will push prices to find support at 1.0813 and then lower at 1.0769. | ||
| Alternative Scenario | An upward wave would lift the exchange rate above the daily pivot, with immediate target the resistance at 1.0935. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4597 | 1.4655 | 1.4707 |
| Support | 1.4486 | 1.4434 | 1.4376 |
| Primary Scenario | The pair has experienced strong resistance in the previous session. If the pair manages to extend its downtrend, it will target the support level at 1.4486 and further down to 1.4434. | ||
| Alternative Scenario | On the other hand, a higher thrust of GBPUSD will trigger the market to exceed the daily pivot (1.4545), targeting the resistance at 1.4597. | ||
 | USDCHF | H4 |  |
| Resistance | 1.0062 | 1.0113 | 1.0205 |
| Support | 0.9920 | 0.9828 | 0.9777 |
| Primary Scenario | USDCHF is gyrating the daily pivot point (0.9971). A bounce up from current levels will lead the pair to retest the hurdle at 1.0062. A successful attempt to penetrate this level will most likely fuel the pair further towards the resistance at 1.0113. | ||
| Alternative Scenario | Should the pair achieve to breach the daily pivot, the next support is seen at 0.9920. | ||
 | USDJPY | H4 | |
| Resistance | 117.79 | 118.33 | 118.83 |
| Support | 117.34 | 116.67 | 116.16 |
| Primary Scenario | The pair is now testing the key support at 117.34. A break back below this level will open the way down to 116.67 and even lower at 116.16. | ||
| Alternative Scenario | Alternatively, should the pair manage to rebound from current levels, it will target the resistance at 117.79 and then higher at 118.33. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7042 | 0.7093 | 0.7151 |
| Support | 0.6933 | 0.6875 | 0.6825 |
| Primary Scenario | AUDUSD is revolving the daily pivot at 0.6984. Any decisive movement to the south will push the pair to find support at 0.6933 and further down to 0.6875. | ||
| Alternative Scenario. | If the pair achieves to surpass the daily pivot, the next resistance is estimated at 0.7042. | ||
Article by ForexTime
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