USDJPY Analysis.
USDJPY is testing the previous low support at 101.41, a break below this level will signal the resumption of the down trend, and then deeper decline to test 100.00 support could be seen. Near term resistance is at 103.25 followed by 104.17, as long as 104.17 resistance holds, we’d expect down trend to continue.
EURUSD Analysis.
EURUSD’s up trend remains, the fall from 1.5463 is treated as consolidation to the up trend. Further rally to 1.5600 area is still in favor and a break of 1.5463 will confirm such case. Near term support is at 1.5250 followed by 1.5145, as long as 1.5145 support holds, up trend will continue.
AUDUSD Analysis.
AUDUSD breaks below 0.9217 previous low and reaches as low as 0.9147 level. Deeper decline to 9.0000 area could be seen in a couple of days. Near term resistance is now at 0.9260, as long as this resistance holds, down trend will continue.
GBPUSD Analysis.
GBPUSD is in up trend. The pullback from 2.0219 is treated as consolidation to the up trend. Further rise to 2.0400 area to reach the next short term cycle top on 4-hour chart is still possible, and a break of 2.0219 is needed to confirm such case. Near term support is at 2.0215 and followed by the up trend line from 1.9361 to 1.9720.
USDCHF Analysis.
USDCHF is in consolidation to the down trend. Deeper decline to test 1.0000 support is still possible after consolidation. Near term resistance is at 1.0285 followed by 1.0456, as long as 1.0456 resistance holds, down trend will continue.
USDCAD Analysis.
USDCAD breaks above 0.9976 previous high and further rally to 1.0050 area to reach the next short term cycle top on 4-hour chart is expected. Key support is at 0.9709, a break of this level will signal the resumption of the down trend.
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