USDJPY Analysis.
USDJPY remains in uptrend from 97.01, and the rise extends to as high as 103.73. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 105.00 area. On the downside, a clear break below the trend line support will indicate that the uptrend from 97.01 has completed, then the following downward movement could bring price back to 95.00 area.

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EURUSD Analysis.
EURUSD’s rise from 1.2796 extends to as high as 1.2938. However, the rise is likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and one more fall to test 1.2747 support is still possible. On the upside, a clear break above the channel resistance will indicate that the downtrend from 1.3242 had completed at 1.2796 already, then the following upward movement could bring price to 1.3500 zone.

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USDCAD Analysis.
Being contained by 1.0341 resistance, USDCAD pulls back from 1.0312. However, the fall is likely consolidation of the uptrend from 1.0013, one more rise to re-test 1.0341 resistance is possible, a break above this level will signal resumption of the longer term uptrend from 0.9632 (Sep 14, 2012 low), then next target would be at 1.0500 area. On the downside, as long as 1.0341 resistance holds, the rise from 1.0013 would possibly be correction of the downtrend from 1.0341, another fall towards 0.9500 is still possible after correction.

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USDCAD Analysis.
USDCAD broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 1.0341 (Mar 1 high) had completed at 1.0013 already. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed, then then next target would be at 1.0500 area. However, as long as 1.0341 resistance holds, the rise from 1.0013 would possibly be correction of the downtrend from 1.0341, one more fall towards 0.9500 is still possible after correction.

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USDCAD Analysis.
USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the downtrend from 1.0341 (Mar 1 high) had completed at 1.0013 already, then the following upward movement could bring price to 1.0500 area. On the downside, as long as the channel resistance holds, the price action from 1.0083 is treated as consolidation of the downtrend from 1.0341, another fall towards 0.9500 could be expected after consolidation. Support is at 1.0145, a breakdown below this level could signal completion of the short term uptrend from 1.0013.

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USDCAD Analysis.
Being contained by the resistance of the upper line of the price channel on 4-hour chart, USDCAD pulls back from 1.0219, suggesting that the upward movement from 1.0013 has completed. Now the fall from 1.0219 would possibly be resumption of the longer term downtrend from 1.0341 (Mar 1 high). Further decline could be expected, and next target would be at 1.0100 area. Resistance is now at 1.0219, only break above this level could trigger another rise to 1.0270 zone.

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USDJPY Analysis.
USDJPY continues its upward movement from 98.58, and the rise extends to as high as 102.42. Support is at 101.20, as long as this level holds, the uptrend could be expected to continue, and next target would be at 104.00 area. On the downside, a breakdown below 101.20 will suggest that consolidation of the uptrend is underway, then pullback to 100.00 area could be seen.

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GBPUSD Analysis.
GBPUSD breaks below the support of the upward trend line from 1.4831 to 1.5034, suggesting that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already. The pair is now in downtrend from 1.5605. Further decline would likely be seen over the next several days, and next target would be at 1.5150 area. Resistance is at 1.5450, only break above this level could trigger another rise towards 1.5800.

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GBPUSD Analysis.
GBPUSD is testing the support of the upward trend line from 1.4831 to 1.5034, a clear break below the trend line support will indicate that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already, then the following downward movement could being price to 1.5000 zone. On the upside, as long as the trend line support holds, the fall from 1.5605 would possibly be consolidation of the uptrend from 1.4831, one more rise towards 1.5800 is still possible after consolidation.

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USDCAD Analysis.
USDCAD remains in downtrend from 1.0293, the price action from 1.0051 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 1.0000 is possible. On the upside, a clear break above the channel resistance will suggest that the downward movement from 1.0293 had completed at 1.0013 already, then further rally to 1.0200 area could be seen.

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