USDJPY Analysis.

USDJPY stays in the falling  price channel on 4-hour chart and remains in short term downtrend from  95.05. Deeper decline is still possible to 92.00 zone. Near term  resistance is at the upper border of the price channel on 4-hour chart,  and key resistance is 93.42, as long as this level holds, we'd expect  downtrend to continue. However, above 93.42 level will suggest that a  short term cycle bottom has been formed and the fall from 95.05 has  completed.


AUDUSD Analysis.

AUDUSD drops sharply to as  low as 0.8239 and is testing 0.8238 support, below this level will  signal deeper decline towards 0.8000. Initial resistance is at 0.8290  followed by 0.8330, and key resistance is located at 0.8477.


GBPUSD Analysis.

GBPUSD breaks below 1.6153  support, suggesting that the downtrend from 0.7042 has resumed. Deeper  decline is now in favor and next target would be at 1.5850-1.5900 area.  Near term resistance is now located at the falling trend line on 4-hour  chart, as long as the trend line resistance holds, we'd expect the  downtrend to continue.


EURUSD Analysis.

EURUSD breaks below 1.4200  key support, suggesting that the short term uptrend from 1.4045 has  completed at 1.4405 level already. Deeper decline is now in favor and  next target is to test 1.4045 support, a break down below this level  will signal further fall towards 1.3800 zone.


USDCAD Analysis.

USDCAD is now in short term  uptrend from 1.0718. Further rise to test 1.1124 previous high  resistance is possible in a couple of days, a break above this level  will take price to 1.1400 zone. Near term support remains at the rising  trend line from 1.0718 to 1.0791 now at 1.0850, as long as the trend  line support holds, we'd expect uptrend to continue.


USDCHF Analysis.

USDCHF rebounds sharply to as  high as 1.0704 and is testing 1.0714 key resistance, a break above this  level will indicate that the downtrend from 1.0883 has completed at  1.0530 level already, and the following uptrend will take price towards  1.1000 zone.