USDJPY Analysis.
USDJPY remains in uptrend from 95.81, the price action from 100.22 is treated as consolidation of the uptrend. Key support is located a the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and one more rise to 101.50 area is still possible. On the downside, a clear break below the channel support will suggest that the uptrend from 95.81 had completed at 100.60 already, then deeper decline to 95.00 area could be seen.
USDCHF Analysis.
USDCHF continues its downward movement from 0.9455, and the fall extends to as low as 0.9229. Further decline is still possible and next target would be at 0.9200 area. Initial resistance is at the downward trend line on 4-hour chart, and the key resistance is at 0.9340, only break above this level could signal completion of the downtrend.
EURUSD Analysis.
EURUSD continues its upward movement from 1.3105, and the rise extends to as high as 1.3382. Further rise would likely be seen and next target would be at 1.3500 area. Initial support is at the upward trend line on 4-hour chart, and the key support is at 1.3250, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD continues its upward movement from 0.8892, and the rise extends to as high as 0.9390. Further rise would likely be seen and next target would be at 0.9500 area. Key support is at 0.9200, only break below this level could trigger another fall to re-test 0.8847 support.
GBPUSD Analysis.
GBPUSD’s upward movement from 1.5429 extends to as high as 1.5950. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.6000 area.
USDCAD Analysis.
After consolidation, USDCAD continues its downward movement from 1.0559, and the fall extends to as low as 1.0302. Further decline could be expected, and next target would be at 1.0250 area. Resistance is at 1.0360, only break above this level could signal completion of the downtrend.
