June 3, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1198 | 1.1246 | 1.1273 |
| Support | 1.1123 | 1.1096 | 1.1048 |
| Primary Scenario | EURUSD plunged below the daily pivot in the previous session. Further drop of the market will push prices to find support at 1.1123 and then lower at 1.1096. | ||
| Alternative Scenario | A higher thrust of the market above the daily pivot at 1.1171 will lift the exchange rate towards 1.1198. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4462 | 1.4503 | 1.4534 |
| Support | 1.4389 | 1.4358 | 1.4317 |
| Primary Scenario | The pair is following a downtrend. If GBPUSD manages to extend its bearish momentum, the next support is seen at 1.4389 and further down to 1.4358. | ||
| Alternative Scenario | On the other hand, an upward wave would bring the pair into a correction course, targeting the daily pivot (1.4431) and even higher at 1.4462. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9922 | 0.9941 | 0.9974 |
| Support | 0.9870 | 0.9838 | 0.9818 |
| Primary Scenario | USDCHF bounced up from the previous bottom and is now trading slightly above the daily pivot point (0.9890). A decisive movement to the north will trigger the market towards 0.9922 and further up to 0.9941. | ||
| Alternative Scenario | A break back below the daily pivot will open the way down to 0.9870. | ||
 | USDJPY | H4 | |
| Resistance | 108.73 | 109.13 | 109.62 |
| Support | 108.47 | 108.10 | 107.61 |
| Primary Scenario | The pair is now testing the key support level at 108.47. Should USDJPY achieve to violate this level, will eye fresh lows down to 108.10 and then lower at 107.61. | ||
| Alternative Scenario | Alternatively, a surge of the pair above the hurdle at 108.73 will lift the currency pair towards 109.13. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7264 | 0.7300 | 0.7331 |
| Support | 0.7196 | 0.7164 | 0.7128 |
| Primary Scenario | AUDUSD is oscillating around the daily pivot point (0.7232). If the pair manages to withstand the sellers’ pressure, the next resistance is seen at 0.7264 and further up to 0.7300. | ||
| Alternative Scenario | A comeback of the market below the daily pivot will push the pair to target the support at 0.7196. | ||
Article by ForexTime
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