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USDJPY Analysis. USDJPY remains in downtrend from 97.78 and the price state from 93.67 is treated as compounding of downtrend. Deeper decline is still possible later today, incoming target would be at 93.25 zone, and a break below 93.67 will signal resumption of downtrend. Near term status is at 94.55, as long as this level holds, downtrend will continue. However a break above 94.55 level will suggest that a short term cycle lowermost has been bacilliform on 4-hour chart, then boost uprise could be seen to 95.00 zone.
GBPUSD Analysis. GBPUSD trades in arrange between 1.6275 and 1.6663. The price state in the trading arrange is more likely compounding of downtrend from 1.7042. Deeper decline to 1.6000 regularize is still possible after consolidation. attorney status is settled at 1.6663, exclusive uprise above this level will indicate that the fall from 1.7042 has completed at 1.6275 level already.
EURUSD Analysis. EURUSD consolidates in a arrange between 1.4045 and 1.4327. As long as 1.4327 status holds, we’d expect downtrend to resume and added fall towards 1.3800 regularize is possible after consolidation. However, a break above 1.4327 key status will indicate that the uptrend from 1.3748 (June 16 low) has resumed, then one more uprise above 1.4447 could be seen.
USDCHF Analysis. USDCHF stays in a trading arrange between 1.0562 and 1.1021. The price state in this arrange is treated as compounding of downtrend from 1.1963 (Mar 12 high), one more uprise towards 1.1000 regularize to rank the compounding would more likely be seen.
USDCAD Analysis. USDCAD breaks below the support of the rising trend line from 1.0632 to 1.0795. Deeper decline to effort 1.0795 could be seen later today. However, the price state from 1.1075 is treated as compounding of uptrend from 1.0632, boost uprise towards 1.1400 is possible after consolidation.
AUDUSD Analysis. No denaturized in our view, AUDUSD is in short term downtrend from 0.8477 and the rebound from 0.8155 is treated as compounding of downtrend. Deeper decline is still possible to 0.7900 regularize after consolidation. attorney status is at 0.8477, exclusive uprise above this level will suggest that the uptrend from 0.7703 has resumed, then boost rally could be seen to 0.8700 zone.
