Being supported by previous low at 1.9337, GBPUSD rebounds from 1.9361 level. Further rise to 1.9900 area to reach the next cycle top on daily chart is still possible, and the next cycle top in nearing, a break of 1.9737 level will confirm such case. Key support is at 1.9337, only break of this level will signal the resumption of the down trend, and deeper decline to 1.9000 area is expected to follow.

EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rise to test 1.4966 previous high resistance is expected, and breaking above this level to reach the next cycle top will more likely be seen. Near term support is at 1.4600 followed by the up trend line from 1.4309 to 1.4365, and long term resistance is at 1.4966 level.

USDCAD broke above 1.0126 and reached as high as 1.0175 level. Further rise to test previous high resistance at 1.0378 is expected. Near term support is at the edge of the price channel, and key support is at 0.9871, only breakdown below this level could signal the resumption of the down trend.

No changed in our view, USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is now at 1.0884 level, a break of this level will confirm the cycle top, and further fall to test the previous low support at 1.0729 could then be seen. Near term resistance is at 1.1105, only break of this level will indicate lengthier correction to the long term down trend.

USDJPY's up trend remains. The fall from 108.59 is treated as consolidation to the up trend. Further rise to 112.50 area to reach the next cycle top on daily chart is still possible after consolidation. Key support is at 104.96, only breakdown of this level will signal the resumption of the long term down trend.

AUDUSD broke above 0.9100 and reached as high as 0.9236 level. Further rally to test previous high resistance at 0.9398 is expected. Near term support is at the up trend line from 0.8512 to 0.8922, as long as the trend line support holds, we'd expect up trend to continue. Key support is at 0.8873, only break of this level will indicate long term sideways consolidation in a range between 0.8512 and 0.9398 is underway, and delay the resumption of the long term up trend.

GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rebound to 1.9900 area to reach the next cycle top on daily chart will more likely be seen before breaking below 1.9337 level. Down trend will resume if 1.9337 previous support gives way, and decline to 1.9000 area could then be seen.

EURUSD formed a cycle bottom at 1.4438 and is now in up trend. Further rally to test previous high resistance at 1.4966 is still possible. Near term support is at 1.4600 followed by the up trend line from 1.4309 to 1.4365. Long term key resistance is at 1.4966, consolidation could be seen before breaking above this level.

USDCAD rebounded from the edge of the price channel. Further rise to 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to confirm such case. Key support is at 0.9871, only breakdown below this level could signal the resumption of the down trend.

USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is at 1.0860 level, a break of this level will confirm the cycle top, and further fall to test the previous low support at 1.0729 is expected to follow. Near term resistance is at 1.1105, only break of this level will indicate lengthier correction to the long term down trend.