USDJPY Analysis.
USDJPY might be forming a cycle bottom at 91.60 level on 4-hour chart. Bounce towards the falling trend line from 94.68 to 93.71 would more likely be seen in a couple of days, a break above the trend line resistance will indicate that the fall from 94.68 has completed at 91.60 already, then another rise towards 94.68 could be seen. Key support is now at 91.60, below this level will suggest that the pair remains in bearish movement, then deeper decline could be seen to 91.00 area.
GBPUSD Analysis.
GBPUSD is forming a cycle bottom at 1.5191 level on 4-hour chart. Another rise towards 1.5522 would more likely be seen in a couple of days, a break above this level will indicate that the uptrend from 1.4798 has resumed, then further rally could be seen to 1.5800 area. Support is now at 1.5191, only fall below this level could trigger another fall to 1.5000 zone.
EURUSD Analysis.
EURUSD remains in downtrend from 1.3691. As long as the pair stays in the falling price channel on 4-hour chart, downward movement could be expected to continue and next target would be at 1.3350 area. However, a clear break above the channel resistance will suggest that a cycle bottom is being formed, then another rise towards 1.3691 key resistance could be seen to follow.
AUDUSD Analysis.
Being contained by the uptrend line from 0.8801 (Feb 25 low) to 0.9001, AUDUSD bounce from 0.9157, suggesting that a cycle bottom is being formed on 4-hour chart. Another rise towards 0.9381 previous high is expected in next several days, a break above this level will indicate that the longer term uptrend from 0.8577 (Feb 5 low) has resumed, then further rally could be seen to 0.9500 area.
USDCAD Analysis.
USDCAD might be forming a cycle top at 1.0215 level on 4-hour chart. Another drop towards 0.9953 previous low could be expected. Resistance is at 1.0215, only rise above this level could trigger another rise towards 1.0300 area.
USDCHF Analysis.
USDCHF might be forming a cycle top at 1.0689 level on 4-hour chart. Another fall towards 1.0434 previous low would more likely be seen in next several days. Resistance is at 1.0689, only rise above this level could take price back to upward movement from 1.0501, then next target would be at 1.0750 area.
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