USDCHF
USDCHF is forming a sideways consolidation to the down trend. Rise above 1.2067 to reach the next cycle top on 4 hours chart is expected to follow later today. Near term resistance is at the down trend line, from 1.2338 to 1.2232, and as long as the trend line resistance holds, down trend will continue.

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USDCHF
USDCHF is forming a sideways consolidation in a range between 1.1992 and 1.2067, further fall towards 1.1879 (Dec 2006 low) is expected to follow after this consolidation. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.

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USDJPY
USDJPY bottomed at 122.98 on 4 hours chart, further rise towards 124.13 previous high can be seen in the next several days, and a break above this level will signal the resumption of the up trend. Near term support is at 120.98, only break below this level will indicate lengthier correction to the up trend.

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USDCHF
USDCHF broke below 1.2090 and reached 1.1999 low. The pair is testing the previous low support at 1.1993 (April low), and fall below this level can be seen after a slightly correction to the down trend. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.

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GBPUSD
GBPUSD is in consolidation to the up trend, pullback below 2.0056 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Up trend will resume after consolidation, and a break above 2.0206 previous high will confirm the resumption of the up trend.

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GBPUSD
As expected, GBPUSD broke below the price channel support. However, the fall from 2.0206 is treated as correction to the up trend. Key resistance is at 2.0206, a break above this level will signal the resumption of the up trend, and rise towards 2.0400 will be seen.

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EURUSD
EURUSD broke above 1.3637 previous high and then pulled back from 1.3659. Further fall towards 1.3550 to reach the next cycle bottom on 4 hours chart is expected to follow later today. However, the fall from 1.3659 is treated as consolidation to the up trend, and rise above 1.3681 (April high) will be seen after consolidation.

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USDJPY
Key resistance at 122.70 is broken above, USDJPY bottomed at 122.09 on 4 hours chart. Further rise towards 124.13 previous high is expected to follow in the next several days. Near term support is at 122.09, only break below this level will delay the resumption of the up trend.

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USDJPY
USDJPY is in correction to the up trend, near term resistance is at 122.70, a break above this level will signal the resumption of the up trend. Near term support is at 122.09, break below this level will indicate lengthier correction is underway, and delay the resumption of the up trend.

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USDCHF
USDCHF broke below 1.2146 (June 6 low), further fall towards 1.2050 is still possible later today. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.

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