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USDJPY Analysis. USDJPY remains in short constituent uptrend from 91.73, the price action from 94.78 is more likely compounding of uptrend. Near constituent support is today at the lower abut of the rising price channel on 4-hour chart. As long as the channel support holds, we would due the uptrend to resume and boost rally towards 96.00 is still possible. However, a country fortuity below the lowermost of the price channel will declare that a short constituent cycle top has been bacilliform at 95.37 level, then boost fall is due to test 91.73 previous baritone support.
GBPUSD Analysis. GBPUSD is testing 1.6381 key support, a fortuity below this take will indicate that a short constituent cycle top has been bacilliform on 4-hour chart, then deeper fall is due to 1.6100 zone. Key resistance is at 1.6583, only uprise above this take will declare that the pair is back in uptrend from 1.5984, then boost rally is due to 1.6650 level.
AUDUSD Analysis. After breaking above 0.8263 previous high resistance, AUDUSD pulls back sharply from 0.8337 level, suggesting that a short constituent cycle top is being bacilliform and range trading between 0.8089 and 0.8337 would more likely be seen in next several days. Near constituent resistance is today at 0.8337, only uprise above this take will communication boost rally to 0.8500 zone.
USDCAD Analysis. USDCAD rebounds sharply from 1.0749, suggesting that a short constituent cycle lowermost has been bacilliform on 4-hour chart. Range trading between 1.0749 and 1.1000 would more likely be seen in a couple of days. However, the price action from 1.0749 is aerated as compounding of downtrend from 1.1723, deeper fall is still possible to 1.0500 after consolidation.
EURUSD Analysis. Being contained by 1.4338 previous high resistance, EURUSD drops sharply from 1.4304, suggesting that a short constituent cycle top is being formed. Deeper fall is due to test 1.4119 key support later today, a fortuity below this take will confirm the cycle top, and indicate that the short constituent uptrend from 1.3832 has completed at 1.4304 take already, and then deeper fall could be seen to 1.3900 zone. However, as long as 1.4119 support holds, the pair remains in uptrend from 1.3832, one more uprise to re-test 1.4338 resistance is still possible.
USDCHF Analysis. USDCHF breaks above 1.0770 resistance. Further uprise to 1.0850-1.0900 area is still possible in a couple of days. Key support is at 1.0622, only fall below 1.0622 take will communication deeper fall to re-test 1.0590 previous baritone support.
