USDJPY might be forming a cycle bottom at 104.98 on daily chart. Further rise to test 108.58 previous high resistance is expected, a break above this level will confirm the cycle bottom, and next target would be at 111.00. Initial support is at the lower boundary of the price channel and followed by 104.98, only fall below 104.98 level will signal resumption of down trend.

AUDUSD is forming a sideways consolidation in a range between 0.9493 and 0.9667. A break below 0.9493 level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be seen to retest 0.9275 level. As long as the pair stays above 0.9493, we'd expect uptrend to resume, and a break of 0.9667 will confirm the resumption of up trend.

GBPUSD is in up trend. The pullback from 2.0006 is treated as consolidation to uptrend. Initial support is at 1.9700, as long as this support holds, we'd expect up trend to resume, and further rise towards 2.0200 to to reach next cycle top on daily chart is still possible after consolidation.

EURUSD broke above 1.5843 resistance and reached 1.5908 only. The pair might be forming a cycle top on daily chart and the fall from 1.5908 could possibly be resumption of down trend. Deeper decline to retest 1.5302 previous low support is now in favor. Initial resistance is at 1.5908, only break of this level will take price back to test 1.6019 long term resistance.

USDCAD rebounded from 1.0048. Further rise to test 1.0322 is still possible in a couple of days, a break of this level will signal resumption of long term up trend. As long as the pair stays below 1.0322 level, the price action is treated as sideways consolidation.

USDCHF broke below 1.0147 support and reached 1.0129 level. Deeper decline could be seen to 1.0000-50 area. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend.

No changed in our view, USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to test 102.58 support is still possible. Key resistance is located at 108.58, only rise above this level will signal resumption of long term up trend.

AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be seen to retest 0.9275 level. As long as the pair stays above 0.9493, we'd expect uptrend to resume, and a break of 0.9667 level will confirm the resumption of up trend.

GBPUSD is in up trend. Further rise towards 2.0400 to to reach next cycle top on daily chart is now in favor. Initial support is at 1.9700, as long as this support holds, we'd expect up trend to continue.

EURUSD is testing the previous high resistance at 1.5843, above this level we may see further rally to 1.5950. Long term resistance is located at 1.6019, rise above this level will indicate that sideways consolidation in a range between 1.5284 and 1.6019 has completed, and long term up trend has resumed. As long as the pair stays below 1.6019 major resistance, we'd expect down trend to resume, and pullback to retest 1.5284 is still possible.