USDCAD
USDCAD is in consolidation to the down trend. Further fall towards 1.0400 can be seen after consolidation, and a break below 1.0645 key support will signal the resumption of the down trend. Near term resistance is at 1.0737, break above this level will indicate lengthier consolidation is underway and delay the resumption of the down trend.

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EURUSD
EURUSD is in down trend, the fall from 1.3553 extended to as low as 1.3263. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at 1.3368, only break above this level will signal consolidation to the down trend.

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EURUSD
As expected, EURUSD broke below 1.3320 previous low and down trend resumed. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Key resistance is at 1.3368, only break above this level will signal consolidation to the down trend.

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GBPUSD
GBPUSD is in down trend, the rise from 1.9622 is treated as consolidation to the down trend. More sharply fall towards 1.9500 can still be expected in a couple of days. Near term resistance is at 1.9755, only break above this level will delay the resumption of the down trend.

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USDCAD
USDCAD is in down trend, the rise from 1.0548 is treated as consolidation to the down trend. The pair is topping at 1.0712 on 4 hours chart, key support is at 1.0548 previous low, a break below this level will confirm the cycle top and signal the resumption of the down trend.

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GBPUSD
GBPUSD broke below the up trend line from 1.9676 to 1.9733 and topped at 1.9967. The correction from 1.9676 completed and down trend resumed. Further fall towards 1.9676 previous low can be expected in a couple of days. Only break above 1.9967 will signal the reversal to the down trend.

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GBPUSD
No changed in our view, GBPUSD is in correction to the down trend, the rise from 1.9676 extended to as high as 1.9967, further rise towards 1.9999 previous high to reach the next cycle top on 4 hours chart is still possible in a couple of days. Fall below 1.9676 after correction is still in favor and a break below the up trend line from 1.9676 to 1.9733 will signal the resumption of the down trend.

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GBPUSD
GBPUSD is in consolidation to the down trend. The rise from 1.9676 extended to as high as 1.9967, further rise towards 2.0050 to reach the next cycle top on 4 hours chart can be expected. Near term support is at 1.9865 and key support is at the up trend line from 1.9676 to 1.9733, a break below the trend line support will signal the resumption of the down trend.

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USDJPY
USDJPY failed to test the previous high resistance at 122.18 (Jan 29 high), the rise from 115.15 (Mar 5 low) reached 122.43 only, 3 points from 122.18. Short term top is formed, pullback towards the up trend line from 117.59 (Apr 19 low) to 119.46 (May 11 low) can be seen, a break below the trend line support will signal the reversal to the up trend and further fall below120.85 can be seen.

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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.

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