USDJPY
USDJPY is testing the previous high resistance at 122.18 (Jan 29 high), short term top will be formed and sideways consolidation will more likely be seen. Near term support is at 121.44, a break below this level will signal the consolation to the up trend and fall below 120.85 level can be seen.
EURUSD
EURUSD is in consolidation to the down trend, further fall towards 1.3350 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at the down trend line from 1.3609 to 1.3519, key resistance is at 1.3477, only break above this level will delay the resumption of the down trend.
GBPUSD
GBPUSD is in sideways consolidation to the down trend. Fall towards 1.9600 is still possible after consolidation and a break below 1.9733 will signal the resumption of the down trend. Key resistance is at 1.9899, break above this level will indicate lengthier consolidation.
USDCAD
No changed in our view, USDCAD is in down trend, the fall from 1.1167 extended to as low as 1.0597 last Friday. More sharply fall towards 1.0600 is still possible in a couple of days. Near term resistance is at the down trend line from 1.1167 to 1.0834, and followed by 1.0757, as long as 1.0757 resistance holds, down trend will continue.
AUDUSD
AUDUSD is in up trend, the sideways consolidation from 0.8392 (Apr 19 high) might completed at 0.8163 level. Further rise towards 0.8392 previous high can be expected in a couple of days, and short term top will be seen before breaking above this level.
USDCHF
USDCHF bottomed at 1.2199 on 4 hours chart. the rise from 1.2199 extended to as high as 1.2327, further rise above 1.2331 previous high is still possible after a slightly correction. Near term support is at the up trend line from 1.2199 to 1.2230, break below the trend line support will pull price back below 1.2199 level.
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