January 19, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0921 | 1.0953 | 1.0980 |
| Support | 1.0863 | 1.0836 | 1.0804 |
| Primary Scenario | EURUSD has experienced strong resistance below the daily pivot point (1.0895). A tumble of the market will trigger the market to breach the support level at 1.0863, targeting the forthcoming level at 1.0836. | ||
| Alternative Scenario | A higher thrust of the currency pair will fuel the rate to exceed the daily pivot. The next resistance is seen at 1.0921. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.4296 | 1.4352 | 1.4382 |
| Support | 1.4210 | 1.4179 | 1.4123 |
| Primary Scenario | The pair is gyrating the daily pivot point at 1.4266. A decisive movement to the north will accelerate GBPUSD to hit the resistance level at 1.4296 and even higher at 1.4352. | ||
| Alternative Scenario | Alternatively, a comeback of the market will push prices below the daily pivot and further down to 1.4210. | ||
 | USDCHF | H4 | |
| Resistance | 1.0079 | 1.0111 | 1.0150 |
| Support | 1.0009 | 0.9969 | 0.9938 |
| Primary Scenario | USDCHF is now testing the hurdle at 1.0079. A successful penetration of this level will lift the exchange rate towards the forthcoming resistance level at 1.0111 and then higher at 1.0150. | ||
| Alternative Scenario | A plunge of the market will lead the currency pair to find support at the daily pivot at 1.0040. | ||
 | USDJPY | H4 | |
| Resistance | 117.76 | 118.05 | 118.37 |
| Support | 117.44 | 116.98 | 116.50 |
| Primary Scenario | The pair is now poised to surpass the lower level of the cloud (117.76). A fruitless attempt to penetrate this level will lead the market down to 117.44 and even lower at 116.98. | ||
| Alternative Scenario | On the other hand, should the pair achieve to exceed the barrier at 117.76, it will target the resistance within the Kumo at 118.05. | ||
 | AUDUSD | H4 | |
| Resistance | 0.6917 | 0.6969 | 0.7013 |
| Support | 0.6821 | 0.6777 | 0.6725 |
| Primary Scenario | AUDUSD formed a hammer and indicates bullish implications. If the pair manages to withstand the sellers’ pressure, it will eliminate the hurdle at 0.6917, targeting the next resistance level at 0.6969 and further up to 0.7013.. | ||
| Alternative Scenario. | A break back below the daily pivot (0.6873) will lead the currency pair down to 0.6821. | ||
Article by ForexTime
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