April 29, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1380 | 1.1409 | 1.1451 |
| Support | 1.1308 | 1.1266 | 1.1236 |
| Primary Scenario | EURUSD surged above the key resistance at 1.1380. If the pair manages to extend its momentum, it will target the next level at 1.1409 and even higher at 1.1451. | ||
| Alternative Scenario | A comeback of the exchange rate below the now-support at 1.1380 will lead the market to find support at the daily pivot point (1.1337). | ||
 | GBPUSD | H4 | |
| Resistance | 1.4644 | 1.4683 | 1.4744 |
| Support | 1.4544 | 1.4483 | 1.4444 |
| Primary Scenario | The pair has finally achieved to penetrate the hurdle at 1.4644. Further bullish momentum will trigger the market towards 1.4683 and then higher at 1.4744. | ||
| Alternative Scenario | Alternatively, a plunge of GBPUSD below 1.4644 will push prices to find support at 1.4583 (daily pivot point). | ||
 | USDCHF | H4 |  |
| Resistance | 0.9712 | 0.9760 | 0.9788 |
| Support | 0.9636 | 0.9607 | 0.9560 |
| Primary Scenario | USDCHF is following a downtrend. Should the bears manage to take control of the bulls, the next support is seen at 0.9636 and further down to 0.9607. | ||
| Alternative Scenario | An upward wave would bring the pair into a correction course. If that happens, the currency pair will exceed the hurdle at 0.9636, with immediate target the daily pivot at 0.9684. RSI supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 107.84 | 108.75 | 109.81 |
| Support | 107.02 | 106.04 | 105.05 |
| Primary Scenario | The pair is still under pressure and has reached fresh lows. Any forceful attempt to breach the support at 107.02 will open the way down to 106.04 and even lower at 105.05. | ||
| Alternative Scenario | On the other hand, a higher thrust of the market will lift USDJPY above the barrier at 107.84, targeting the resistance at 108.75. RSI is trading within the oversold zone. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7663 | 0.7704 | 0.7751 |
| Support | 0.7575 | 0.7527 | 0.7487 |
| Primary Scenario | AUDUSD bounced up from the previous bottom and is now testing the resistance level at 0.7663. A successful attempt to surpass this level will fuel the pair further towards 0.7704. | ||
| Alternative Scenario | A reversal of the currency pair will pave the path down to the daily pivot at 0.7616. | ||
Article by ForexTime
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