USDJPY Analysis.
USDJPY stays in a trading range between 95.83 and 99.94. Support is at 95.83, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 77.14 (Sep 13, 2012 low), and one more rise towards 105.00 is still possible after consolidation. On the downside, a breakdown below 95.83 will suggest that the uptrend had completed at 99.94 already, then deeper decline towards 90.00 could be seen.
EURUSD Analysis.
EURUSD is facing 1.3201 resistance, a break above this level will indicate that the uptrend from 1.2747 has resumed, then further rise to 1.3500 area could be seen. Support is at 1.3085, only break below this level could trigger another fall to 1.2900 area.
GBPUSD Analysis.
GBPUSD continues its upward movement from 1.5197, and the rise extends to as high as 1.5567. Further rise is still possible and next target would be at 1.5700 area. Support is at 1.5450, only break below this level will indicate that consolidation of the longer term uptrend from 1.4831 (Mar 12 low) is underway, then pullback to 1.5350 area could be seen.
USDCAD Analysis.
USDCAD breaks below 1.0083 support, and reaches as low as 1.0056. Further decline is still possible after consolidation, and next target would be at 1.0000 area. Resistance is at 1.0100, as long as this level holds, the downtrend from 1.0293 will continue.
USDCHF Analysis.
USDCHF’s downward movement from 0.9498 extends to as low as 0.9278. Further decline is still possible after a minor consolidation, and next target would be at 0.9250 area. Resistance is at 0.9340, as long as this level holds, the downtrend will continue.
AUDUSD Analysis.
AUDUSD remains in uptrend from 1.0220 and the rise extends to as high as 1.0384. Support is at 1.0325, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.0420 area. On the downside, a breakdown below 1.0325 support will suggest that the upward movement has completed, then another fall towards 1.0000 could be seen to follow.
