USDJPY Analysis.
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 97.63. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0350 area. On the downside, a clear break below the channel support will indicate that consolidation of the longer term uptrend from 96.94 is underway, then pullback to 100.50 area could be seen.
USDCHF Analysis.
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9249. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8950 area. Only a clear break above the trend line resistance will indicate that the downtrend from 0.9249 is complete, then the following upward movement could bring price to 0.9450 zone.
GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5854, and the rise extends to as high as 1.6374. Key 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 1.6500 area. On the downside, a clear break below the trend line support will indicate that the upward movement from 1.5854 has completed, then deeper decline to 1.6000 area could be seen.
USDCAD Analysis.
USDCAD remains in uptrend from 1.0414. Further rise would likely be seen after a minor consolidation, and next target would be at 1.0650 area. Support is now at 1.0550, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD continues its downward movement from 0.9446, and the fall extends to as low as 0.9055. Further decline could be expected after a minor consolidation, and next target would be at 0.8900 area. Resistance is at 0.9150, only break above this level could signal completion of the downtrend.
EURUSD Analysis.
EURUSD remains in uptrend from 1.3399. Further rise could be expected after a minor consolidation, and next target would be at 1.3700 area. Support is at 1.3530, only break below this level will indicate that lengthier consolidation of the uptrend from 1.3296 is underway, then deeper decline to 1.3430 area could be seen.
