USDJPY Analysis.
USDJPY has formed a cycle bottom at 79.27 on 4-hour chart. Further rise to test 80.37 previous high resistance could be expected, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 81.00 area could be seen. Initial support is at the lower line of the price channel, and the key support is at 79.27, only break below this level will suggest that the uptrend from 77.43 has completed at 80.37 already, then the following downward move could bring price back to 77.00 zone.
GBPUSD Analysis.
GBPUSD breaks above the trend line resistance and is now facing 1.6143 resistance, a break above this level will confirm that the downtrend from 1.6309 has completed at 1.5913 already, then further rise towards 1.6309 previous high could be seen. Support is now at 1.6000, only break below this level could trigger another fall to 1.5800 zone.
EURUSD Analysis.
EURUSD’s rise from 1.2883 extends to as high as 1.3020. Further rise would likely be seen, and next target would be at 1.3100 area. Support is at 1.2883, only break below this level could trigger another fall to test 1.2803 support.
USDCHF Analysis.
USDCHF’s fall from 0.9385 extends to as low as 0.9276. Further decline could be expected, and next target would be at 0.9240 area. Resistance is at 0.9385, only break above this level could trigger another rise to test 0.9437 resistance.
AUDUSD Analysis.
AUDUSD is facing 1.0410 resistance again, a break above this level could signal resumption of the uptrend from 1.0149, then further rise towards 1.0500 could be seen. Support is at 1.0304, only break below this level could trigger another fall towards 1.0000.
USDCAD Analysis.
USDCAD breaks below the lower line on the price channel on 4-hour chart, suggesting that a cycle top is being formed at 1.0019. deeper decline would likely be seen and the first target would be at 0.9900 area. Resistance is at 1.0019, only break above this level could trigger another rise towards 1.0200.
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