USDJPY Analysis.
USDJPY continues its upward movement from 98.58, and the rise extends to as high as 102.42. Support is at 101.20, as long as this level holds, the uptrend could be expected to continue, and next target would be at 104.00 area. On the downside, a breakdown below 101.20 will suggest that consolidation of the uptrend is underway, then pullback to 100.00 area could be seen.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5605, and the fall extends to as low as 1.5207. Further decline could be expected, and next target would be at 1.5100 area. Resistance is at 1.5345, as long as this level holds, the downtrend will continue.
USDCAD Analysis.
USDCAD’s upward movement from 1.0013 extends to as high as 1.0193. Further rise is still possible after a minor consolidation, and next target would be at 1.0250 area. Support is at 1.0130, as long as this level holds, the uptrend will continue.
EURUSD Analysis.
EURUSD continues its downward movement from 1.3242, and the fall extends to as low as 1.2914. Further decline could be expected, and next target would be at 1.2850 area. Resistance is at 1.3030, only break above this level could signal completion of the downtrend.
USDCHF Analysis.
USDCHF’s upward movement from 0.9247 extends to as high as 0.9674. Further rise would likely be seen after a minor consolidation, and next target would be at 0.9750 area. Support is at 0.9525, only break below this level could signal completion of the uptrend.
AUDUSD Analysis.
AUDUSD continues its downward movement from 1.0384, and the fall extends to as low as 0.9876. Further decline could be expected, and next target would be at 0.9800 area. Resistance is at 1.0000, only break above this level could indicate that consolidation of the downtrend is underway, then further rally to 1.0060 area could be seen.
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