GBPUSD Analysis.
GBPUSD formed a cycle top at 1.5715 on 4-hour chart. Deeper decline towards 1.5327 previous low would likely be seen later today, as long as this level holds, the price action from 1.5327 is treated as consolidation of downtrend from 1.6617, and one more rise towards 1.5800 is still possible. On the other side, a breakdown below 1.5327 will signal resumption of downtrend, then another fall towards 1.5000 could be seen.
USDCHF Analysis.
USDCHF broke above 0.9181 resistance, suggesting that the uptrend from 0.7711 has resumed. Further rise could be seen in a couple of days, and next target would be at 0.9500 zone. Support remains at the lower border of the price channel on 4-hour chart, as long as the channel support holds, uptrend will continue.
USDJPY Analysis.
USDJPY is testing that support of the uptrend line on 4-hour chart, as long as the trend line support holds, the short term uptrend from 76.09 could be expected to continue. However, a clear break below the trend line will indicate that the rise from 76.09 has completed at 77.25 already, then deeper decline towards 75.96 key support could be seen.
AUDUSD Analysis.
AUDUSD broke below 0.9622 support and reached as low as 0.9475, suggesting that the downtrend from 1.0764 has resumed. Key resistance remains at the downtrend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 0.9300 area.
EURUSD Analysis.
EURUSD is in downtrend from 1.3689. Further fall could be seen in a couple of days, and next target would be at 1.3000. Initial resistance is now at 1.3270, as long as this level holds, downtrend will continue.
USDCAD Analysis.
USDCAD is in uptrend from 1.0143. Further rise could be expected in a couple of days, and next target would be at 1.0650 area. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend will continue.
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