GBPUSD Analysis.
GBPUSD breaks above 1.6060 resistance, suggesting that the downtrend from 1.6259 has completed. Further rise to test 1.6259 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.4813 (Jul 9 low), then the following upward movement could bring price to 1.6600 zone. Key support is now at 1.5894, only break below this level could indicate that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price to 1.4500 area.
EURUSD Analysis.
EURUSD breaks above 1.3646 previous high resistance, suggesting that the uptrend from 1.2756 (Jul 9 low) has resumed. Further rise could be expected, and next target would be at 1.3800 area. Support is now at 1.3580, as long as this level holds, the uptrend will continue.
AUDUSD Analysis.
AUDUSD continues its upward movement from 0.9280, and the rise extends to as high as 0.9646. Initial support is at 0.9570, and the key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line could signal completion of the uptrend.
USDCHF Analysis.
USDCHF breaks below the upward trend line on 4-hour chart, suggesting that the upward movement from 0.8967 had completed at 0.9177 already. Deeper decline to test 0.8967 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 0.9455, then the following downward movement could bring price to 0.8700 zone.
USDCAD Analysis.
USDCAD breaks below 1.0300 support, suggesting that the upward movement from 1.0182 had completed at 1.0419 already. Further decline could be seen over the next several days, and the target would be at 1.000 zone. Resistance is at 1.0330, as long as this level holds, the downtrend from 1.0419 will continue.
USDJPY Analysis.
USDJPY breaks below 98.00 support, suggesting that correction of the uptrend from 96.57 is underway. Deeper decline would likely be seen, and the target would be at 97.30 area. Resistance is at 99.00, only break above this level could trigger another rise to 100.00 zone.
