USDJPY Analysis.
USDJPY continues its sideways movement in a range between 95.83 and 99.94. As long as 95.83 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14 (Sep 13, 2012 low), one more rise towards 105.00 could be expected after consolidation, and a break above 99.94 could signal resumption of the uptrend. On the downside, a breakdown below 95.83 support will indicate that the uptrend from 77.14 had completed at 99.94 already, then pullback to 90.00 area could be seen to follow.
EURUSD Analysis.
EURUSD breaks above 1.3201 resistance, suggesting that the uptrend from 1.2747 has resumed. Further rise would likely be seen, and next target would be at 1.3350 area. Support is at 1.3100, only break below this level will indicate that lengthier consolidation of the uptrend from 1.2747 is underway, then another fall to 1.3000 area to complete to consolidation is possible.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5197 extends to as high as 1.5605. Support is at 1.5480, as long as this level holds, further rise is still possible after a minor consolidation, and next target would be at 1.5700 area. On the downside, a breakdown below 1.5480 support will indicate that consolidation of the longer term uptrend from 1.4831 (Mar 12 low) is underway, then deeper decline toward the upward trend line could be seen.
USDCAD Analysis.
USDCAD’s downward movement from 1.0293 extends to as low as 1.0051. 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 remains in downtrend from 1.0498, and the fall extends to as low as 0.9247. Resistance is at 0.9315, as long as this level holds, further decline could be expected after a minor consolidation, and next target would be at 0.9200 area.
AUDUSD Analysis.
AUDUSD broke below 1.0325 support, suggesting that the upward movement from 1.0220 had completed at 1.0384 already. Now the fall from 1.0384 is likely resumption of the downtrend from 1.0582. Further decline could be expected, and next target would be at 1.0200.
