GBPUSD Analysis.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend will indicate that the downtrend from 1.6309 has completed at 1.5976 already, then further rise towards 1.6309 previous high could be seen to follow. On the downside, as long as the trend line resistance holds, the rise from 1.5976 would possibly be consolidation of the downtrend from 1.6309, and one more fall to 1.5900 is still possible.
EURUSD Analysis.
EURUSD breaks above 1.3071 resistance, suggesting that the uptrend from 1.2042 has resumed. Further rise could be seen after a minor consolidation, and next target would be at 1.3200 area. Support is at 1.3000, only break below this level could indicate that lengthier consolidation of the uptrend is underway, then another fall to re-test 1.2803 support is possible.
AUDUSD Analysis.
AUDUSD break above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0624 has completed at 1.0149 already. Further rise could be expected, and next target would be at 1.0350 area. Support level is at 1.0250, only break below this level could trigger another fall to 1.0000-1.0050 area.
USDCAD Analysis.
USDCAD is facing 0.9884 resistance, a break above this level will signal resumption of the uptrend from 0.9632, then further rise to 1.0000 area could be seen. Support is at 0.9820, below this level could trigger another fall towards 0.9632 previous low.
USDCHF Analysis.
USDCHF breaks below 0.9239 previous low support, suggesting that the downtrend from 0.9971 has resumed. Further decline could be seen after a minor consolidation, and next target would be at 0.9100 area. Resistance is at 0.9300, as long as this level holds, the downtrend from 0.9431 will continue.
USDJPY Analysis.
USDJPY breaks above 78.86 resistance, suggesting that the uptrend from 77.43 has resumed. Further rise could be expected, and next target would be at 79.50 area. Support is at 78.60, as long as this level holds, the uptrend will continue.
