USDJPY Analysis.
USDJPY is facing 80.37 previous high resistance, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 82.00 could be expected. Support remains at the lower line of the price channel on 4-hour chart, only a clear break below the channel support will suggest that lengthier consolidation of the uptrend from 77.43 is underway, then range trading between 79.27 and 80.37 could be seen.
GBPUSD Analysis.
GBPUSD break above 1.6143 resistance, suggesting that the downward movement from 1.6309 has completed at 1.5913 already. Further rise could be expected after a minor consolidation, and next target would be at 1.6250 area. Support is at 1.6040, only break below this level could trigger another fall towards 1.5800.
EURUSD Analysis.
EURUSD is now in uptrend from 1.2883, the fall from 1.3020 would possibly be correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3100 area. Support remains at 1.2883, only break below this level could trigger another fall to test 1.2803 support.
USDCHF Analysis.
USDCHF is now in downtrend from 0.9385, the rise from 0.9276 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 0.9240 area. Resistance remains at 0.9385, only break above this level could trigger another rise to test 0.9437 resistance.
AUDUSD Analysis.
AUDUSD breaks above 1.0410 resistance, suggesting that the uptrend from 1.0149 has resumed. Further rise could be expected and next target would be at 1.0450 area. Support is at 1.0350, only break below this level could indicate that a cycle top is being formed on 4-hour chart, then pullback to 1.0250 area could be seen.
USDCAD Analysis.
USDCAD is forming a cycle top at 1.0019 on 4-hour chart. Further decline would likely be seen and the target would be at 0.9850-0.9900 area. However, the fall from 1.0019 would possibly be consolidation of the longer term uptrend from 0.9632 (Sep 14 low), another rise towards 1.0100 is still possible after consolidation.
