June 29, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1112 | 1.1162 | 1.1214 |
| Support | 1.1011 | 1.0959 | 1.0909 |
| Primary Scenario | EURUSD is revolving the daily pivot point at 1.1061. A bounce up from current levels will accelerate the pair to retest the barrier at 1.1112 and even higher at 1.1162. | ||
| Alternative Scenario | A reversal back below the daily pivot will push the market down to 1.1011. | ||
 | GBPUSD | H4 | |
| Resistance | 1.3438 | 1.3538 | 1.3659 |
| Support | 1.3218 | 1.3097 | 1.2998 |
| Primary Scenario | The pair is gyrating the daily pivot (1.3317). If the pair manages to withstand the sellers’ pressure, the next resistance is seen at 1.3438 and then higher at 1.3538. | ||
| Alternative Scenario | On the other hand, a plunge of GBPUSD below the daily pivot will pave the path down to 1.3218. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9848 | 0.9879 | 0.9922 |
| Support | 0.9774 | 0.9731 | 0.9700 |
| Primary Scenario | USDCHF topped up at 0.9836, before closing below the daily pivot at 0.9805. A deeper correction of the exchange rate would push prices to find support at 0.9774 and further down to 0.9731. | ||
| Alternative Scenario | An upward wave above the daily pivot will lift the currency pair towards 0.9848. | ||
 | USDJPY | H4 | |
| Resistance | 102.56 | 103.23 | 103.95 |
| Support | 102.23 | 101.11 | 100.22 |
| Primary Scenario | The pair is oscillating between the suppoort level at 101.11 and the resistance level at 103.23. A break back below the support at 102.23 will open the way down to 101.11. | ||
| Alternative Scenario | Alternatively, a higher thrust above the hurdle at 102.56 will fuel the pair towards 103.23. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7424 | 0.7466 | 0.7518 |
| Support | 0.7331 | 0.7279 | 0.7238 |
| Primary Scenario | AUDUSD is now testing the important resistance level at 0.7424. A successful attempt to penetrate this level will trigger the market to retest the forthcoming resistance at 0.7466 and even higher at 0.7518. | ||
| Alternative Scenario | A comeback of the pair below the daily pivot (0.7373) will lead the market down to 0.7331. | ||
Article by ForexTime
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com
