GBPUSD fell below 2.0352 previous low. Further decline towards 2.0150 area is still possible. Near term resistance is at 2.0520, as long as this resistance holds, we’d expect down trend to continue.
USDJPY formed a short term cycle top at 111.21. Pullback towards 107.21 is still possible. Near term resistance is at 111.21, if gives way, rise towards 113.00 area can be seen in the next several days.
EURUSD is in down trend. The fall from 1.4966 extended to as low as 1.4590, and further fall towards 1.4500 area is still possible. Near term resistance is at 1.4769, as long as this resistance holds, down trend would continue.
USDCAD broke out the mentioned price channel and reached as high as 1.0213. Further rise towards 1.0400 is still possible in a couple of days. Near term support is at 0.9970, as long as the pair stays above this support, further rally is in favor.
AUDUSD is testing the previous low support at 0.8651, further fall below this level will still possible later today. Near term resistance is at 0.8780, only rise above this level would delay the resumption of the down trend.
USDCHF formed a short term cycle top at 1.1326. Pullback towards 1.0890 previous low is expected. Near term resistance is at 1.1326, if gives way, further rally towards 1.1500 is expected to follow.
Please click the following links for more short term and long term forex analysis.