USDJPY Analysis.
USDJPY broke above 100.48 resistance and reached as high as 100.86. Further rise to test 101.53 key resistance would likely be seen, a break above this level will confirm that the uptrend from 93.79 has resumed, then the following upward movement could bring price to 110.00 area. On the other side, as long as 101.53 key resistance holds, the rise from 98.27 would possibly be correction of the downtrend from 101.53, one more fall to 95.00 area is still possible.
USDCAD Analysis.
USDCAD stays in a trading range between 1.0326 and 1.0442. Initial resistance is at 1.0442, as long as this level holds, the price action in the range is treated as consolidation of the downtrend from 1.0608, and one more fall to 1.0150 area to complete the downward movement is possible. On he upside, a break above 1.0442 will suggest that lengthier correction of the downtrend from 1.0608 is underway, then the pair will find resistance around 1.0500.
AUDUSD Analysis.
AUDUSD failed to break above 0.9305 resistance and stays in a trading range between 0.8998 and 0.9305. As long as 0.9305 resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0582 (Apr 11 high), another fall towards 0.8500 is still possible after consolidation. On the upside, a break above 0.9305 will suggest that the downtrend from 1.0582 had completed at 0.8998 already, then the following upward movement could bring price back to 1.0000 zone.
USDCHF Analysis.
USDCHF remains in downtrend from 0.9751, as long as 0.9535 resistance holds, the price action from 0.9405 could be treated as consolidation of the downtrend, and another fall to 0.9200 area is still possible, only break above 0.9535 resistance could signal completion of the downtrend.
EURUSD Analysis.
EURUSD stays in a trading range between 1.2993 and 1.3206. Key support is at 1.2950, as long as this level holds, the price action from 1.3206 could be treated as consolidation of the uptrend from 1.2756, another rise towards 1.3500 could be expected after consolidation.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.4813. Key support is at 1.5028, as long as this level holds, further rise could be expected, and the target would be at 1.5400 area, only break below 1.5028 level could signal completion of the uptrend.
