GBPUSD Analysis.
GBPUSD stays in a trading range between 1.5753 and 1.5911. The price action in the range is likely consolidation of the uptrend from 1.5490. Support is at 1.5753, as long as this level holds, another rise towards 1.6000 could be expected, and a break above 1.5911 could signal resumption of the uptrend. On the downside, a breakdown below 1.5753 will indicate that the uptrend has completed at 1.5911 already, then deeper decline to 1.5400-1.5500 could be seen.
EURUSD Analysis.
EURUSD breaks above 1.2589 resistance and reaches as high as 1.2636, suggesting that the uptrend from 1.2241 has resumed. Further rise could be expected, and next target would be at 1.2700 area. Key support is at 1.2465, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0543. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.0200, only a clear break above the trend line could signal completion of the downtrend.
USDCAD Analysis.
USDCAD fails to break above 0.9948 resistance and stays in the trading range between 0.9842 and 0.9948. The price action in the range is treated as consolidation of the downtrend from 1.0445, one more rise to 1.0000 area to complete the consolidation would likely be seen. On the downside, a breakdown below 0.9842 will signal resumption of the downtrend, then further decline towards 0.9600 could be seen.
USDCHF Analysis.
USDCHF breaks below 0.9538 support and reaches as low as 0.9503. Further decline could be expected, and next target would be at 0.9400. Key resistance is at 0.9634, only break above this level could signal completion of the downtrend.
USDJPY Analysis.
USDJPY breaks below 78.30 support, and reaches as low as 78.19, suggesting that the downtrend from 79.65 has resumed. Further decline to test 77.92 support could be seen, a breakdown below this level will target 77.00 zone.
