GBPUSD
GBPUSD is in down trend. The fall from 2.0830 extended to as low as 2.0179. Further decline towards 2.0100 area to reach the next short term cycle bottom is still possible after consolidation. Near term resistance is at 2.0450, as long as the pair stays below this level, down trend would continue.
USDJPY
USDJPY broke above 111.21 previous high. Further rise towards 113.00 area may be expected. Key support is at 109.55, a break below this level would signal the reversal to the down trend, and fall below 107.21 previous low is expected to follow.
EURUSD
EURUSD is in down trend. The fall from 1.4966 extended to as low as 1.4524, and further fall towards 1.4500 area is still possible. Near term resistance is at the down trend line from 1.4966 to 1.4769, and followed by 1.4769, as long as 1.4769 resistance holds, down trend would continue.
USDCAD
USDCAD is in up trend. The rise from 0.9056 extended to as high as 1.0213. Further rise towards 1.0400 is still possible in the next several days. Near term support is at 0.9970, as long as the pair stays above this support, further rally is in favor.
AUDUSD
Being supported by 0.8651 previous low, AUDUSD formed a short term cycle bottom at 0.8659. Further rebound towards 0.8800 area is still possible. Near term support is at 0.8659, a breakdown below this level would signal the resumption of the down trend.
USDCHF
USDCHF broke above 1.1326 previous high. Further rise towards 1.1400 area is still possible. Key support is now at 1.1153, a break below this level would signal the reversal to the up trend, and fall below 1.0890 previous low can be seen.
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