October 3, 2014
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.2706 | 1.2744 | 1.2790 |
| Support | 1.2621 | 1.2575 | 1.2537 |
| Primary Scenario | EURUSD is pivoting around the daily pivot at 1.2659. If the history repeats, will push prices lower to hit the support level at 1.2621. A further drop of the market will lead the pair to find support at 1.2575. | ||
| Alternative Scenario | Should the pair manage to surpass above the daily pivot, will target the next resistance at 1.2706. | ||
 | GBPUSD | H4 | |
| Resistance | 1.6224 | 1.6305 | 1.6361 |
| Support | 1.6087 | 1.6031 | 1.5950 |
| Primary Scenario | The pair finally breached the daily pivot (1.6168). If GBPUSD achieves to extend its downtrend, it will move lower to the supports at 1.6087 and 1.6031. | ||
| Alternative Scenario | A higher thrust of the market, will generate strength for the pair to reach the daily pivot and further up at 1.6224. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9573 | 0.9607 | 0.9636 |
| Support | 0.9510 | 0.9482 | 0.9448 |
| Primary Scenario | USDCHF has been trapped between the support level at 0.9510 and the resistance level at 0.9573. A decisive movement upwards will lift the pair to retest the hurdle at 0.9573 and even higher at 0.9607. | ||
| Alternative Scenario | A break back below the daily pivot, will push prices to find support at 0.9510. | ||
 | USDJPY | H4 | |
| Resistance | 108.94 | 109.36 | 110.07 |
| Support | 108.56 | 108.13 | 107.73 |
| Primary Scenario | USDJPY is now on an attempt to test the upper level of the kumo at 108.94. A successful penetration of this level will trigger the market to hit the next resistance at 109.36. | ||
| Alternative Scenario | A comeback of the pair will lead the pair towards the support within the cloud at 108.56. | ||
 | AUDUSD | H4 | |
| Resistance | 0.8843 | 0.8884 | 0.8944 |
| Support | 0.8742 | 0.8683 | 0.8641 |
| Primary Scenario | The pair is hovering above the daily pivot at 0.8783. A bounce up from current levels, will push the market to target the resistance level at 0.8843. The next resistance is estimated at 0.8884. | ||
| Alternative Scenario | If AUDUSD manages to violate the daily pivot, it will fall lower, targeting the support at 0.8742. | ||
Article by ForexTime
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