USDJPY rebound sharply from 94.47 level, and the rise is possibly be resumption of up trend. Further rally is expected to retest 100.54 previous high resistance. A break of this level will indicate that the fall from 110.66 (Aug 15 high) has completed. Key support is now located at 94.47, only fall below this level will signal deeper decline to test 90.92 support.
GBPUSD remains in down trend and the fall from 1.6671 extends further to as low as 1.4557 level. Deeper decline is still possible to 1.4000 zone. Initial resistance is at the upper border of the price channel and followed by 1.5200 level, as long as 1.5200 holds, downtrend will continue.
AUDUSD rebounds sharply from 0.6340 level, suggesting that a short term cycle bottom has been formed. Further rally is expected to retest 0.7014 previous high resistance, a break of this level will indicate that the fall from 0.9849 (July 15 high) has completed. Key support is now located at 0.6340, below this level will signal deeper decline below 0.6008 level.
USDCHF stays in a rising price channel on 4-hour chart. Further rally is still possible to 1.2000 zone in a couple of days. However, below this channel support will indicate that consolidation to up trend is underway, and then pullback could be seen to 1.1500 zone.
EURUSD rebounds sharply from 1.2389, suggesting that a short term cycle bottom has been formed on 4-hour chart. Range trading between 1.2389 and 1.3290 is expected to follow. Key support is now located at 1.2389, a break down below this level will signal deeper decline towards 1.2000 zone. However, above 1.3290 will indicate that the down trend from 1.4867 (Sep 22 high) has completed.
USDCAD drops below the up trend line on 4-hour chart, suggesting that a short term cycle top has been formed. Pullback to retest 1.1464 previous low support could be seen. Key resistance is now located at 1.2445, only rise above this level will signal further rally towards 1.2800 zone.