USDJPY Analysis.

Being contained by the resistance of the downward trend line on 4-hour chart, USDJPY pulls back from 98.64. The fall from 98.64 would possibly be resumption of the downtrend from 101.53. Further decline would likely be seen in a couple of days, and next target would be at 96.00 area. Key resistance is at the trend line, only a clear break above the trend line resistance will indicate that the downtrend from 101.53 had completed at 95.81 already, then the following upward move could bring price to 102.50 zone.

AUDUSD Analysis.

AUDUSD is forming a sideways consolidation in a range between 0.8847 and 0.9317. Another fall to test 0.8847 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.0582 (Apr 11 high). Key resistance is at 0.9317, only break above this level will indicate that the downtrend from 1.0582 had completed at 0.8847 already, then the following upward movement could bring price to 1.0000 zone.

USDCHF Analysis.

After touching 0.9389 resistance, USDCHF drops down from 0.9396. The fall from 0.9396 is likely resumption of the downtrend from 0.9751, deeper decline to test 0.9174 support would likely be seen, a breakdown below this level could trigger another fall toward 0.8500.

USDCAD Analysis.

USDCAD is forming a sideways consolidation in a range between 1.0245 and 1.0445. Further rise to test 1.0445 resistance would likely be seen in a couple of days. Support is at 1.0275, only break below this level could trigger another fall to 1.0150 zone.

EURUSD Analysis.

EURUSD breaks above 1.3320 resistance, suggesting that the downward movement from 1.3400 had completed at 1.3206 already. Further rise to test 1.3400 resistance could be expected, a break above this level will signal resumption of the uptrend from 1.2756, then the following upward movement could bring price to 1.4000 zone.

GBPUSD Analysis.

GBPUSD breaks above 1.5574 resistance and continues its upward movement from 1.5102. Further rise could be expected, and next target would be at 1.5750 area. Support is at 1.5570, as long as this level holds, the uptrend will continue.

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