May 1, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1302 | 1.1381 | 1.1497 |
| Support | 1.1107 | 1.0991 | 1.0912 |
| Primary Scenario | EURUSD is now following an uptrend. A persistent trading above the daily pivot point (1.1186) will most likely trigger the market to target the forthcoming resistance level at 1.1302 and further up to 1.1381. | ||
| Alternative Scenario | Should the pair achieve to breach the daily pivot, it will find support at 1.1107. RSI oscillator supports this scenario. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5460 | 1.5570 | 1.5648 |
| Support | 1.5272 | 1.5193 | 1.5084 |
| Primary Scenario | After forming a double top at 1.5497, GBPUSD experienced strong resistance and dropped below the daily pivot at 1.5381. A sustained trading below this level will open the way down to 1.5272 and even lower at 1.5193. | ||
| Alternative Scenario | An upward wave would act as a catalyst for the market to penetrate the daily pivot. If that happens, the exchange rate will attempt to retest the hurdle at 1.5460. | ||
 | USDCHF | H4 | |
| Resistance | 0.9409 | 0.9497 | 0.9548 |
| Support | 0.9270 | 0.9219 | 0.9131 |
| Primary Scenario | USDCHF is negotiating narrowly below the daily pivot point at 0.9358. If the bears manage to take control of the bulls, the next support is seen at 0.9270 and 0.9219. | ||
| Alternative Scenario | On the other hand, a surge of the currency pair will lead the marker higher above the daily pivot, towards the resistance at 0.9409. RSI supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 119.75 | 120.09 | 120.43 |
| Support | 119.45 | 119.19 | 118.48 |
| Primary Scenario | USDJPY is now testing the barrier at 119.75. A successful attempt to surpass this level will lift the rate higher towards the resistance level at 120.09 and further up to 120.43. | ||
| Alternative Scenario | Alternatively, a comeback of the market will push prices to find support at 119.45 and 119.19. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7996 | 0.8088 | 0.8155 |
| Support | 0.7837 | 0.7770 | 0.7677 |
| Primary Scenario | AUDUSD is hovering below the daily pivot point (0.7929). Any decisive movement to the south will lead the pair to retest the support level at 0.7837. A break back below this level will push the market lower down to 0.7770. | ||
| Alternative Scenario | A higher thrust of the currency pair will fuel the pair to exceed the daily pivot, with immediate target the resistance at 0.7996. | ||
Article by ForexTime
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