GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5490, the fall from 1.6033 is likely consolidation of the uptrend. Range trading between 1.5930 and 1.6033 is possible in a couple of days. Key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, another rise could be expected after consolidation, and next target would be at 1.6100 area. On the downside, a clear break below the trend line support will indicate that the uptrend has completed at 1.6033 already, then the following downward movement could bring price back to 1.5300-1.5400 area.
USDCHF Analysis.
USDCHF stays below a downward trend line on 4-hour chart and remains in downtrend from 0.9809. As long as the trend line resistance holds, another fall could be expected, and next target would be at 0.9350 area, only a clear break above the trend line could signal completion of the downtrend.
AUDUSD Analysis.
AUDUSD is forming a cycle top at 1.0399 on 4-hour chart. Range trading between 1.0250 and 1.0399 would likely be seen over the next several days. However, the fall is treated as consolidation of the uptrend from 1.0167, another rise could be expected after consolidation, and a break above 1.0399 could trigger another rise towards 1.0612 previous high.
EURUSD Analysis.
EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.2241, the fall from 1.2817 is treated as consolidation of the uptrend. Range trading between 1.2700 and 1.2817 would likely be seen in a couple of days. As long as the trend line support holds, uptrend could be expected to resume, and another rise to 1.2900 is possible.
USDCAD Analysis.
USDCAD remains in downtrend from 1.0445. Further decline could be expected after a minor consolidation, and next target would be at 0.9700 area. Resistance levels are at 0.9820 and 0.9855, as long as these levels hold, the downtrend will continue.
USDJPY Analysis.
USDJPY is facing 77.92 support, a breakdown below this level will target 76.00 area. However, as long as 77.92 level holds, lengthier sideways movement could be expected to continue, and another rise to 78.70 area is possible.
