GBPUSD
GBPUSD is in up trend, further rise towards 1.9750 previous high to reach the next cycle top can be expected in the next several days. Near term support is at 1.9500, only break below this level may signal the reversal to the up trend.
EURUSD
The down trend line resistance is broken above, EURUSD may be bottoming on 4 hours chart, key resistance is at 1.3014, a break above this level may confirm the cycle bottom. Near term support is at 1.2865, break below this level may signal the resumption of the down trend.
AUDUSD
AUDUSD rose above 0.7850 and reached 0.7858 high. Pullback towards the bottom of price channel can be expected later today. Near term resistance is at 0.7858, if gives way, further rise to 0.7870 level is can be seen.
USDCAD
USDCAD topped at 1.1802 on 4 hours chart, and it is now in down trend. Further fall towards 1.1576 previous low is possible in the next several days. Key resistance is at 1.1802, only break above this level may signal the resumption of the up trend.
USDJPY
USDJPY is in up trend, further rally towards 121.38 (the day high of Dec 5, 2005) can be expected in the next several days. Near term support is at the bottom of the price channel, and as long as the channel support holds, up trend will continue.
USDCHF
USDCHF may be topping at 1.2528 on 4 hours chart, key support is at 1.2443, a break below this level may confirm the cycle top. Near term resistance is at 1.2528, only break above this level may signal the resumption of he up trend.
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