GBPUSD
GBPUSD formed a short term cycle bottom at 2.0179 level. Further rally to test the previous high resistance at 2.0830 is still possible in a couple of days. Near term resistance is at the down trend line from 2.1161 (Nov 9 high) to 2.0830, now at 2.0629 level.

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EURUSD
EURUSD is in down trend. The rebound from 1.4524 is treated as correction to the down trend. Pullback to retest 1.4524 previous low support would more likely be seen. Near term resistance is at the down trend line from 1.4966 to 1.4769, and followed by 1.4769, as long as 1.4769 resistance holds, down trend would continue.

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GBPUSD
GBPUSD is in down trend. The fall from 2.0830 extended to as low as 2.0179. Further decline towards 2.0100 area to reach the next short term cycle bottom is still possible after consolidation. Near term resistance is at 2.0450, as long as the pair stays below this level, down trend would continue.

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GBPUSD
GBPUSD fell below 2.0352 previous low. Further decline towards 2.0150 area is still possible. Near term resistance is at 2.0520, as long as this resistance holds, we’d expect down trend to continue.

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Being supported by the up trend line from 1.3550 to 1.4125, EURUSD rebounded from 1.4620. Sideways consolidation in a range between 1.4620 and 1.4966 is possible in the next several days. Key resistance is at 1.4966, a break of this level would signal the resumption of the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen.

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USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD

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USDJPY
USDJPY might be forming a short term cycle top at 111.21 level, key support is at 109.46, a break below this level would confirm the cycle top, and further pullback towards 107.21 previous low is expected to follow.

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USDJPY
USDJPY is moving towards the next short term cycle top and the next cycle top is nearing. Key support is at 109.46, a break below this level would confirm the cycle top and signal the resumption of the down trend.

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