USDJPY Analysis.
USDJPY stays in a falling price channel on 4-hour chart, and remains in downtrend from 85.51. Key resistance is located at 83.09, as long as this level holds, downtrend could be expected to continue, and next target would be at 81.50 area. However, a break above 83.09 will indicate that a cycle bottom has been formed, and the fall from 85.51 has completed at 82.18 already, then the following upward move could bring price back to 83.45 zone.
USDCHF Analysis.
After consolidation, USDCHF continued its downward move from 0.9339, and the fall extended to as low as 0.8851. Deeper decline is still possible in a couple of days, and next target would be at 87.50 area.
AUDUSD Analysis.
AUDUSD broke above 1.0581 resistance, and rose strongly to as high as 1.0738, suggesting that the uptrend from 0.9704 has resumed. Uptrend could be expected to continue in a couple of days, and next target would be at 1.0900 area.
USDCAD Analysis.
USDCAD broke below 0.9526 previous low support, and reached as low as 0.9490, suggesting that the downtrend from 0.9973 has resumed. Further decline could be expected in a couple of days, and next target would be at 0.9400 area.
GBPUSD Analysis.
GBPUSD broke above 1.6427 previous high resistance, and the rise from 1.6166 extended to as high as 1.6440. Uptrend is expected to continue in a couple of days, and next target would be at 1.6600 zone.
EURUSD Analysis.
EURUSD’s upward movement from 1.4157 extended to as high as 1.4580. Support is now at 1.4480, as long as this level holds, uptrend could be expected to continue, and next target would be at 1.4700 area.
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