As expected, USDJPY broke above 108.58 previous high resistance and reached 110.36 level. Further rise to 112.00 to reach next cycle top on daily chart is still possible next week. Initial support is at 107.28, as long as this support holds, up trend will continue.

AUDUSD broke below 0.8953 (Mar 20 low) previous low support and reached as low as 0.8866 level. Further fall to 0.8700 to reach next cycle bottom on daily chart is still possible next week and the next cycle bottom is nearing. Key resistance is now located at 0.9100, a break above this level will confirm the cycle bottom.

GBPUSD broke below 1.9337 (Jan 22 low) long term support and dropped sharply to as low as 1.9146 level. Further fall to 1.8600 level is still possible in a couple of weeks. Initial resistance is located at 1.9400, as long as the level holds, down trend will continue.

EURUSD drops sharply to as low as 1.4997 level. Deeper decline to 1.4700 to reach next cycle bottom on daily chart is possible next week. Initial resistance is at 1.5250, only break of this level will indicate that the fall from 1.6038 has completed.

USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days. Initial support is at 1.0320 and followed by 1.0200 level. As long as 1.0200 level holds, we'd expect up trend to continue.

USDCHF breaks above 1.0539 resistance. Further rise to test 1.0623 (May 8 high) could be seen in a couple of days. Consolidation would more likely be seen before breaking above 1.0623 level. Initial support is at 1.0430, break of this level will signal consolidation to up trend. Key support is at 1.0314, only fall below this level will take price back to retest 1.0010 previous low support.

USDJPY is testing 108.58 previous high resistance. Further rise towards 112.00 could be seen if 108.58 resistance gives ways. Initial support is at 106.57, only break down below this level will pull price back to retest 103.76 support.

AUDUSD's down trend remains, and the fall from 0.9849 extends further to as low as 0.9132 level. Deeper decline to test 0.8953 (Mar 20 low) could be expected in next few days. Initial resistance is at 1.9275, only break above this level will signal consolidation to down trend.

GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial resistance is at 1.9647 and followed by 1.9800 level.

EURUSD's down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at 1.5630, a break of this level will signal consolidation to down trend. Key resistance is located at 1.5768, only rise above this level will take price back to test 1.6038 resistance.