GBPUSD is bottoming at 2.0156 on 4 hours chart, key resistance is at 2.0462, a break above this level will confirm the cycle bottom, and rise towards 2.0652 (July high) is expected to follow. Near term support is at 2.0156, only break below this level will signal the resumption of the down trend, and fall towards 2.0050 area can be seen.
Being contained by the resistance of the price channel, USDJPY pullbacked from 119.80. Further fall below 117.15 previous low is still possible later today. Near term resistacne is at the price channel and key resistance is at 119.80, only break above this level will signal the reversal to the down trend.
USDCAD broke above the key resistance at 1.0587 and bottomed at 1.0461 on 4 hours chart. Further rise towards 1.0698 is expected to follow in the next several days. Near term support is at 1.0461, only break below this level will indicate lengthier correction to the up trend.
EURUSD broke below the up trend line support and reached as low as 1.3654. Further fall towards 1.3609 previous low is still possible later today. Near term resistance is at 1.3715, a break above this level will signal the reversal to the down trend.
No changed in our view, USDCHF bottomed at 1.1816 on 4 hours chart. Further rise towards 1.2025 area to reach the next cycle top is still possible later today. However, the rise from 1.1816 is treated as correction to the down trend, a break below 1.1816 previous low will signal the resumption to the down trend.
AUDUSD broke below 0.8512 key support and topped at 0.8662 on 4 hours chart. Further fall below 0.8446 previous low is expected to follow later today. Key resistance is at 0.8662, and as long as this resistance holds, down trend will continue.