As expected, USDJPY broke below the previous low support at 117.57. Further fall towards 116.00 area is still possible in the next several days. Near term resistance is at 118.50, only rise above this level will signal the reversal to the down trend.
USDCAD might be bottoming at 1.0500 on 4 hours chart, key resistance is at 1.0600, a break above this level will confirm the cycle bottom and rise above 1.0698 is expected to follow. Near term support is at 1.0500, only break below this level will delay the resumption of the up trend.
GBPUSD broke above 2.0377 previous high and bottomed at 2.0182 last Friday. Further rise towards 2.0550 is still possible later today. Near term support is at the up trend line and followed by 2.0280, only break below 2.0280 level will signal the resumption of the down trend.
EURUSD is testing the previous high resistance at 1.3851, further rise above this level to reach the next cycle top is still possible in a couple of days. Near term support is at 1.3750, break below this level will delay the resumption of the up trend
Key support at 1.1960 (July 18 low) is broken below, USDCHF is now in long term down trend. Further fall towards 1.1700 is expected to follow after a slightly correction. Near term resistance is at 1.1990, and as long as this resistance holds, down trend will continue.
No changed in our view, AUDUSD bottomed at 0.8446 on 4 hours chart. Further rise towards 0.8650 is expected to follow in the next several days. Near term support is at 0.8446, only break below this level will signal the resumption of the down trend.