USDJPY Analysis.
USDJPY is facing 81.26 resistance. Further rise would likely be seen after a minor consolidation, and next target would be at 81.60-81.80 area. Key support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend from 79.69 will continue. Only a clear break below the trend line could indicate that the rise from 79.69 is complete, then another fall towards 78.00 could be seen.
EURUSD Analysis.
EURUSD broke below 1.4436 support, suggesting that a cycle top had been formed at 1.4577 on 4-hour chart, and the rise from 1.4102 had completed. Deeper decline would likely be seen in a couple of days, and target would be at 1.4200 zone. Resistance is at 1.4577, only break above this level could trigger another rise to test 1.4696 resistance.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.6546, the rise from 1.5912 is treated as consolidation of downtrend. Range trading between 1.5912 and 1.6200 is expected in a couple of days. Key support is at 1.5912, a breakdown below this level could signal resumption of downtrend.
AUDUSD Analysis.
AUDUSD broke below 1.0673 support, suggesting that a cycle top had been formed at 1.0789 on 4-hour chart. Lengthier consolidation of uptrend from 1.0390 could be seen in a couple of days, and the trading range would be between 1.0635 and 1.0789.
USDCHF Analysis.
USDCHF had formed a cycle top at 0.8525 on 4-hour chart, and the fall from 0.8525 extended to 0.8386. Deeper decline towards 0.8275 previous low could be expected, a breakdown below this level will target 0.8000.
USDCAD Analysis.
USDCAD had formed a cycle bottom at 0.9579 on 4-hour chart. Further rally would likely be seen in a couple of days, and the first target would be at 0.9660 area. Support is at 0.9579, only break below this level could signal resumption of downtrend.
