July 5, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1174 | 1.1197 | 1.1236 |
| Support | 1.1113 | 1.1074 | 1.1051 |
| Primary Scenario | EURUSD is gyrating the daily pivot point at 1.1136. Any forceful attempt to violate the support level at 1.1113 will push prices to find support at 1.1074. | ||
| Alternative Scenario | A higher thrust of the exchange rate will lift the market above the daily pivot and then higher at 1.1174. | ||
 | GBPUSD | H4 | |
| Resistance | 1.3335 | 1.3386 | 1.3434 |
| Support | 1.3236 | 1.3188 | 1.3137 |
| Primary Scenario | The pair is now testing the key support level at 1.3236. A drop of the market below this level will most likely lead GBPUSD underway towards 1.3188 and further down to 1.3137. | ||
| Alternative Scenario | On the other hand, a reversal back above the daily pivot point (1.3287) will fuel the pair to retest the hurdle at 1.3335. | ||
 | USDCHF | H4 | |
| Resistance | 0.9740 | 0.9777 | 0.9796 |
| Support | 0.9685 | 0.9665 | 0.9629 |
| Primary Scenario | USDCHF is following a downtrend. If the bears manage to overweigh the bulls’ pressure, the next support is seen at 0.9685 and even lower at 0.9665. | ||
| Alternative Scenario | Should the pair achieve to exceed the daily pivot, will trigger the market to test the hurdle in line at 0.9740. | ||
 | USDJPY | H4 | |
| Resistance | 102.15 | 102.51 | 102.89 |
| Support | 101.97 | 101.51 | 101.12 |
| Primary Scenario | The pair turned sharply bearish in today’s session. If USDJPY achieves to extend its momentum and breach the key support at 101.97, the next support is estimated at 101.51. | ||
| Alternative Scenario | Alternatively, an upward wave would lead the pair to surpass the barrier at 102.15, with immediate target the resistance at 102.51. | ||
 | AUDUSD | H4 |  |
| Resistance | 0.7573 | 0.7608 | 0.7673 |
| Support | 0.7472 | 0.7407 | 0.7371 |
| Primary Scenario | AUDUSD is trading slightly above the daily pivot at 0.7508. A bounce up from current levels will push the pair to target the forthcoming resistance at 0.7573 and further up to 0.7608. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will pave the path down to 0.7472. | ||
Article by ForexTime
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