January 29, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1353 | 1.1421 | 1.1460 |
| Support | 1.1247 | 1.1208 | 1.1140 |
| Primary Scenario | A strong movement to the south, led EURUSD to violate the daily pivot point at 1.1314. Should the pair manage to breach the support level at 1.1247, it will move lower towards the forthcoming target at 1.1208. | ||
| Alternative Scenario | On the other hand, a successful attempt to penetrate the daily pivot point will lift the market towards the resistance level at 1.1353. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5193 | 1.5250 | 1.5281 |
| Support | 1.5105 | 1.5073 | 1.5016 |
| Primary Scenario | The pair is gyrating below the daily pivot (1.5161). A downward momentum will push the rate to hit the support level at 1.5105 and then lower at 1.5073. | ||
| Alternative Scenario | If GBPUSD manages to exceed the daily pivot point, it will target the resistance level at 1.5193. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9094 | 0.9144 | 0.9200 |
| Support | 0.8988 | 0.8932 | 0.8881 |
| Primary Scenario | USDCHF has just surpassed the daily pivot at 0.9038. If the pair manages to extend its uptrend, it will trigger the market to retest the hurdle at 0.9094 and even higher at 0.9144. | ||
| Alternative Scenario | A reversal back of the pair below the daily pivot, will push prices to find support at 0.8988. | ||
 | USDJPY | H4 | |
| Resistance | 118.02 | 118.26 | 118.65 |
| Support | 117.57 | 117.32 | 116.90 |
| Primary Scenario | USDJPY is negotiating within the cloud. Any decisive movement to the north will fuel the pair to penetrate the upper level of the cloud at 118.02. The next resistance is estimated at 118.26. | ||
| Alternative Scenario | A drop of the market below the barrier at 117.57, it will open the way down to the support level at 117.32. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7979 | 0.8072 | 0.8120 |
| Support | 0.7838 | 0.7790 | 0.7698 |
| Primary Scenario | The pair is now poised to test the support level at 0.7838. A breach of this level will lead the exchange rate down to the forthcoming support at 0.7790. | ||
| Alternative Scenario | If the pair manages to withstand the sellers’ pressure, it will climb towards the daily pivot point at 0.7931. | ||
Article by ForexTime
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