GBPUSD
No changed in our view, GBPUSD is in correction to the down trend, the rise from 1.9676 extended to as high as 1.9967, further rise towards 1.9999 previous high to reach the next cycle top on 4 hours chart is still possible in a couple of days. Fall below 1.9676 after correction is still in favor and a break below the up trend line from 1.9676 to 1.9733 will signal the resumption of the down trend.
EURUSD
EURUSD bottomed at 1.3391. Further rise above 1.3353 previous high to reach the next cycle top on 4 hours chart can be expected. Near term support is at 1.3470, and key support is at 1.3391, only break below 1.3391 level will signal the resumption to the down trend.
USDCAD
USDCAD formed a sideways consolidation to the down trend, slightly break above the down trend line from 1.1167 to 1.0834 to reach the next cycle top on 4 hours chart will more likely be seen later today. Near term resistance is at 1.0637, down trend will resume after breaking above this level.
USDCHF
USDCHF is in down trend, further fall towards 1.2125 previous low to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Near term resistance is at 1.2210, break about this level will indicate a short term bottom is being formed, and a break above the key resistance at 1.2240 will confirm the cycle bottom.
USDJPY
USDJPY broke below 120.85 previous low, further fall towards 120.00 to reach the next cycle bottom on 4 hours chart can be seen. Near term resistance is at 121.50 and key resistance is at 122.18 (Jan 29 high), only break above this level will signal the resumption of the up trend.
AUDUSD
AUDUSD is moving to the next cycle top on 4 hours chart, and the next cycle top is nearing. Sideways consolidation can be expected in the next several days and pullback towards 0.8350 area can be expected.
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