October 27, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1079 | 1.1105 | 1.1143 |
| Support | 1.1014 | 1.0976 | 1.0950 |
| Primary Scenario | EURUSD bounced up from the previous bottom and is now heading towards the resistance level at 1.1079. A surge of the market above this level will most likely lead the pair towards the resistance level at 1.1105 and even higher at 1.1143. | ||
| Alternative Scenario | A break back below the daily pivot point at 1.1041 will open the way down to 1.1014. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5384 | 1.5420 | 1.5459 |
| Support | 1.5308 | 1.5269 | 1.5233 |
| Primary Scenario | The pair is negotiating above the daily pivot (1.5344). If GBPUSD manages to extend its correction course, the next resistance is seen at 1.5384 and further up to 1.5420. | ||
| Alternative Scenario | On the other hand, a plunge of the market below the daily pivot will push prices down to 1.5308. | ||
 | USDCHF | H4 | |
| Resistance | 0.9856 | 0.9888 | 0.9938 |
| Support | 0.9774 | 0.9724 | 0.9692 |
| Primary Scenario | USDCHF is trading near the previous top. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance levels at 0.9856 and 0.9888. | ||
| Alternative Scenario | A comeback of the currency pair below the daily pivot (0.9806) will lead the rate to find support at 0.9774. RSI oscillator supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 120.79 | 121.47 | 122.01 |
| Support | 120.47 | 120.04 | 119.40 |
| Primary Scenario | The pair is following an uptrend. A successful attempt to penetrate the hurdle in line at 120.79 will trigger the market to target the forthcoming resistance at 121.47. | ||
| Alternative Scenario | Alternatively, should USDJPY achieve to breach the support level at 120.47 will pave the path down to 120.04. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7272 | 0.7302 | 0.7335 |
| Support | 0.7210 | 0.7177 | 0.7147 |
| Primary Scenario | AUDUSD is oscillating around the daily pivot at 0.7239. A decisive movement to the north will fuel the pair to hit the resistance level at 0.7272 and then higher at 0.7302. | ||
| Alternative Scenario. | A setback of the exchange rate would push the market to violate the daily pivot, targeting the support level at 0.7210. | ||
Article by ForexTime
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