GBPUSD Analysis.
GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already, then the following upward movement could bring price back to 1.5700-1.5800 area.
AUDUSD Analysis.
AUDUSD continues its upward move from 0.8771 and the rise extended to as high as 0.9120 level. Initial support is at 0.9050 followed by 0.9000, as long as these levels hold, uptrend from 0.8771 is expected to continue and next target would be at 0.9180 area, however, minor consolidation would more likely be seen before breaking above 0.9221 previous high resistance.
USDCAD Analysis.
USDCAD is facing 1.0471 support, a break below this level will target 1.0400 key support. As long as 1.0400 level holds, the price action from 1.0666 is treated as consolidation of uptrend from 1.0107, another rise to 1.0750 is still possible after consolidation. However, a breakdown below 1.0400 will indicate that the rise from 1.0107 has completed at 1.0672 already, then the following downward movement could bring price back to 1.0200 zone.
EURUSD Analysis.
After breaking above 1.2778 key resistance, EURUSD traded in narrow range. As long as 1.2778 resistance turned support holds, uptrend is expected to continue and next target would be at 1.3000-1.3100 area. Key support is at 1.2740, below this level could bring price back to downward movement, then one more fall towards 1.2500 could be seen.
USDCHF Analysis.
USDCHF stays below the falling trend line from 1.0624 to 1.0450 and remains in downtrend from 1.0624, and the bounce from 1.0064 is treated as consolidation of downtrend. Another fall would more likely be seen after consolidation and next target would be at 1.0000 area.
USDJPY Analysis.
Being contained by 83.62 support, USDJPY rebounded from 83.67, suggesting lengthier consolidation of downtrend is underway. Range trading between 83.62 and 85.89 would more likely be seen in a couple of days. Key support remains at 83.62, a break below this level will indicate that the downtrend from 89.15 (Jul 12 high) has resumed, then deeper decline could be seen to 82.00 zone.
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