GBPUSD Analysis.
GBPUSD broke above the downward price channel on 4-hour chart, suggesting that the fall from 1.6164 had completed at 1.5423 already. Further rally to test 1.5779 key resistance would likely be seen, a break above this level could trigger another rise towards 1.6500. Support is now at 1.5561, only break below this level could indicate that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway.
USDCHF Analysis.
USDCHF is testing 0.9329 resistance, a break above this level will signal resumption of uptrend from 0.8569, then further rise towards 1.0000 could be seen. On the other side, as long as 0.9329 resistance holds, another fall to test 0.9066 key support is still possible.
EURUSD Analysis.
EURUSD had formed a cycle top at 1.3546 on 4-hour chart. Deeper decline to 1.3250-1.3300 area to reach next cycle bottom would likely be seen in a couple of days. Key resistance is at 1.3546, above this level could indicate that the downtrend from 1.4246 had completed at 1.3212 already, then the following upward movement could bring price back to 1.4500 area.
AUDUSD Analysis.
AUDUSD is in uptrend from 0.9663, the price action from 1.0327 is treated as consolidation of uptrend. Another fall to 1.0000 area to complete the consolidation would likely be seen. Key resistance is located at 1.0327, a break above this level could signal resumption of uptrend.
USDCAD Analysis.
USDCAD broke below 1.0079 support, and the downward movement from 1.0523 extended to as low as 1.0065. further fall could be seen in a couple of days, and next target would be at 1.0000 area. Resistance is 1.0222, only break above this level could indicate that lengthier consolidation of downtrend is underway.
USDJPY Analysis.
USDJPY is forming a sideways consolidation in a range between 77.29 and 78.27. Lengthier sideways movement in the range could be expected over the next several days.
