USDJPY Analysis.
USDJPY remains in uptrend from 95.81, the price action from 100.22 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 101.50 area. Initial support is at 98.75, and the key support is located at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.
USDCHF Analysis.
USDCHF breaks below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 0.9147 had completed at 0.9455 already. Further decline could be expected, and next target would be at 0.9200 area. Resistance is at 0.9385, only break above this level could trigger another rise towards 0.9500.
EURUSD Analysis.
EURUSD continues its upward movement from 1.3105, and the rise extends to as high as 1.3324. Further rise could be expected, and next target would be at 1.3400 area. Support is at 1.3225, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
After touching 0.9317 resistance, AUDUSD pulls back from 0.9353, suggesting that the upward movement from 0.8892 has completed. The pair remains in consolidation of the downtrend from 1.0582 (Apr 11 high), further decline could be expected, and next target would be at 0.9150 area. Resistance is at 0.9353, only break above this level could signal completion of the downtrend from 1.0582.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5429 extends to as high as 1.5831. Further rise is still possible after a minor consolidation, and next target would be at 1.5900 area. Initial support is at 1.5735, and the key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
USDCAD Analysis.
USDCAD remains in downtrend from 1.0568. Further decline could be expected after a minor consolidation, and next target would be at 1.0250 area. Resistance is at 1.0380, as long as this level holds, the downtrend will continue.
