December 15, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1044 | 1.1097 | 1.1147 |
| Support | 1.0940 | 1.0891 | 1.0837 |
| Primary Scenario | EURUSD is now trading near the previous top at 1.1044. A successful attempt to penetrate this level will trigger the market to target the forthcoming resistance level at 1.1097. | ||
| Alternative Scenario | Alternatively, a comeback of the exchange rate below the daily pivot (1.0994) will push the pair to find support at 1.0940. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5211 | 1.5282 | 1.5334 |
| Support | 1.5087 | 1.5035 | 1.4964 |
| Primary Scenario | The pair is gyrating the daily pivot point at 1.5159. A higher thrust of GBPUSD will fuel the pair to retest the hurdle in line at 1.5211. The next resistance is seen at 1.5282. | ||
| Alternative Scenario | A decisive breach of the the daily pivot will open the way down to 1.5087. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9883 | 0.9920 | 0.9969 |
| Support | 0.9797 | 0.9748 | 0.9711 |
| Primary Scenario | USDCHF is revolving the daily pivot point (0.9834). A drop of the market below the support level at 0.9797 will push prices lower towards the next target at 0.9748. | ||
| Alternative Scenario | An upward wave would lead the pair above the daily pivot, with immediate target the resistance at 0.9883. | ||
 | USDJPY | H4 | |
| Resistance | 121.08 | 121.51 | 121.94 |
| Support | 120.64 | 120.33 | 119.99 |
| Primary Scenario | The pair is following a downtrend. If USDJPY achieves to violate the support at 120.64, the next support is estimated at 120.33 and even lower at 119.99. | ||
| Alternative Scenario | On the other hand, should the pair manage to withhold the sellers’ pressure, it will climb towards the resistance levels at 121.08 and 121.51. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7286 | 0.7332 | 0.7396 |
| Support | 0.7176 | 0.7112 | 0.7066 |
| Primary Scenario | AUDUSD has tested the hurdle at 0.7286. A surge of the market above this level will lift the exchange rate towards the resistance at 0.7332. | ||
| Alternative Scenario. | A plunge of the market below the daily pivot (0.7222) will lead Aussie down to 0.7176. | ||
Article by ForexTime
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