May 4, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1267 | 1.1335 | 1.1382 |
| Support | 1.1152 | 1.1106 | 1.1037 |
| Primary Scenario | EURUSD topped up at 1.1289, before retracing below the daily pivot. A deeper correction will push prices lower, towards the support levels at 1.1152 and 1.1106. | ||
| Alternative Scenario | A successful attempt to penetrate the daily pivot at 1.1220 will lift the exchange rate to retest the hurdle at 1.1267. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5319 | 1.5499 | 1.5602 |
| Support | 1.5036 | 1.4933 | 1.4753 |
| Primary Scenario | The pair is now testing a key support level. Any decisive movement downwards will lead the market to breach the support level at 1.5036, with immediate target the next support level at 1.4933. | ||
| Alternative Scenario | A higher thrust of GBPUSD will fuel the pair to exceed the daily pivot (1.5216), targeting the next resistance at 1.5319. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9355 | 0.9392 | 0.9432 |
| Support | 0.9277 | 0.9237 | 0.9200 |
| Primary Scenario | USDCHF bounced up from the previous low and is now heading towards the barrier at 0.9355. A break through this level will most likely trigger the market to target the forthcoming resistance at 0.9392. | ||
| Alternative Scenario | Alternatively, a failed attempt to move higher will push the pair to find support at 0.9277 and further down to 0.9237. | ||
 | USDJPY | H4 | |
| Resistance | 120.28 | 120.83 | 121.66 |
| Support | 119.98 | 119.67 | 119.31 |
| Primary Scenario | USDJPY has reached fresh highs. If the pair manages to withstand the sellers’ pressure, it will retest the hurdle at 120.28 and will climb towards the resistance level at 120.83. | ||
| Alternative Scenario | Should the pair achieve to violate the support level at 119.98, the next support is seen at 119.67. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7908 | 0.7970 | 0.8023 |
| Support | 0.7794 | 0.7741 | 0.7679 |
| Primary Scenario | AUDUSD is gyrating the daily pivot at 0.7855. Any forceful attempt to breach the barrier at 0.7794 will lead the pair underway towards the next support at 0.7741. | ||
| Alternative Scenario | An upward wave would generate strength for the market to penetrate the daily pivot, targeting the resistance at 0.7908. | ||
Article by ForexTime
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