GBPUSD Analysis.
GBPUSD breaks below 1.4900 key support, suggesting that a short term cycle top has been formed at 1.5249 level on 4-hour chart. Deeper decline is now in favor. The first target would be at 1.4000 zone. Initial resistance is at 1.4900, only rise above this level will signal lengthier consolidation to down trend.

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USDCHF Analysis.
USDCHF remains in uptrend and the rise from 1.1208 (Oct 30 low) extends to as high as 1.2145. As long as the price channel support holds, we’d expect up trend to continue and further rally could be seen to 1.2400 zone. Key support is now located at 1.1941, only fall below this level will indicate that a short term cycle top has been formed, and then the following pullback is possible to 1.1700 zone.

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USDCHF Analysis.
USDCHF stays in a rising price channel on 4-hour chart and the up trend remains. Further rally is still possible to 1.2100 zone in a couple of days. Initial support is at the lower border of the price channel, now at 1.1940. Key support is located at 1.1825, below this level will indicate that a short term cycle top has been formed, pullback could be seen to follow, and next short term target would be at 1.1500 zone.

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USDJPY Analysis.
USDJPY consolidates in a narrow range between 95.94 and 98.18. Further rally is still in favor, and a break above 98.18 level will signal resumption of up trend, and then the next target is to test 100.54 previous high resistance. However, below 94.47 will indicate that a short term cycle top has been formed at 98.18 level on 4-hour chart, deeper decline could then be seen to 93.00 zone.

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USDJPY Analysis.
No changed in our view, USDJPY formed a short term cycle bottom at 94.47 level, and the rebound is treated as resumption of up trend. As long as 94.47 support holds, further rally is still possible to test 100.54 previous high resistance, a break above this level will confirm that the fall from 110.66 (Aug 15 high) has completed. Key support is now located at 94.47, only fall below this level will signal deeper decline to retest 90.92 support.

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USDJPY Analysis.
USDJPY rebound sharply from 94.47 level, and the rise is possibly be resumption of up trend. Further rally is expected to retest 100.54 previous high resistance. A break of this level will indicate that the fall from 110.66 (Aug 15 high) has completed. Key support is now located at 94.47, only fall below this level will signal deeper decline to test 90.92 support.

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GBPUSD Analysis.
As expected, GBPUSD drops below 1.5269 previous low support and reaches as low as 1.4833 level. Deeper decline could be seen to 1.4500 zone. Initial resistance is at the down trend line from 1.6671 to 1.6198, as long as the trend line resistance holds, down trend will continue.

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GBPUSD Analysis.
GBPUSD’s down trend from 1.6671 extends further to 1.5347 level. Deeper decline is expected to 1.4500 zone. Initial resistance is at the down trend line from 1.6671 to 1.6198, as long as the trend line resistance holds, down trend will continue. However, above the trend line resistance will take price back to lengthier consolidation.

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AUDUSD Analysis.
AUDUSD fails to test 0.7014 resistance and pulls back to trading range between 0.6543 and 0.7014. As long as 0.6543 support holds, we’d expect up trend to resume and one more rise above 0.7014 is still possible. However, below 0.6543 will indicate that the rise from 0.6008 has completed and pullback could be seen to retest 0.6008 previous low support.

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USDCHF Analysis.
USDCHF traded in a range between 1.1549 and 1.1800 for several days and is treated as in consolidation to up trend. As long as 1.1549 support holds, we’d expect up trend to resume, and further rise is possible to 1.2000 zone after consolidation, a break of 1.1800 previous high resistance will confirm the resumption of up trend.

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