USDJPY Analysis.
USDJPY traded in a range between 81.62 and 82.23. The price action in the trading range is treated as consolidation of downtrend from 83.96. As long as 82.23 resistance holds, another fall towards 81.13 support is possible after consolidation. However, a break above 82.23 will indicate that the fall from 83.96 had completed at 81.62 already, then the following upward move could bring price to 93.00 zone.
GBPUSD Analysis.
After breaking above 1.6277 resistance, GBPUSD pulled back from 1.6328. However, the fall from 1.6328 is likely consolidation of uptrend from 1.6030, another rise towards 1.6500 is still in favor. Support levels are at 1.6215 and 1.6180.
EURUSD Analysis.
EURUSD consolidated below 1.3861 resistance for several days. Pullback to the lower border of the price channel on 4-hour chart would likely be seen later today. As long as the channel support holds, uptrend from 1.3428 could be expected to resume, and another rise to 1.4000 area is still possible.
USDCHF Analysis.
USDCHF traded in a narrow range between 0.9233 and 0.9321. The price action in the range is treated as consolidation of downtrend from 0.9774. Another fall towards 0.9100 is expected after consolidation and a breakdown below 0.9233 could signal resumption of downtrend.
AUDUSD Analysis.
After touching 1.0199 resistance, AUDUSD pulled back from 1.0201, suggesting that lengthier consolidation of uptrend is underway. Deeper decline is expected in a couple of days, and target would be at the lower border of the price channel on 4-hour chart.
USDCAD Analysis.
USDCAD may be forming a cycle bottom at 0.9683 level on 4-hour chart. Consolidation in a range between 0.9683 and 0.9800 would likely be seen in a couple of days. Downtrend could be expected to resume after consolidation, and another fall towards 0.9600 could be seen.
