EURUSD may be bottoming on 4 hours chart, key resistance is at 1.2851, a break above this level may signal the cycle bottom at 1.2725. On the other side, the fall from 1.2937 may not complete and further fall towards 1.2695 is still possible before breaking above 1.2851.http://blog.forexcycle.com
Key support at 116.85 has broken below, USDJPY has topped at 117.40 on 4 hours chart. The pair is testing the price channel support. Up trend would resume if this support holds. On the other side, if this support gives way, the pair would fall down towards 116.09 level. http://www.forexcycle.com/usdjpy.html
USDCHF is in down trend and further fall towards 1.2182 previous low to reach the next cycle bottom is possible in the next several days. Key resistance is now at 1.2376, only rise above this level may signal the reversal to the down trend. http://blog.forexcycle.com
GBPUSD is in up trend. Further rise towards 1.9142 previous high is possible in the next several days. Near term support is the bottom of the price channel, and the key support is at 1.8897, only break below the key support can signal the reversal to the up trend.
EURUSD is forming a side ways consolidation in a range between 1.2695 and 1.2937. Up trend will resume after this consolidation. Key resistance is at 1.2878, break above this level may signal the resumption of the up trend. Key support is now at 1.2754, only break below this level may signal the reversal to the up trend. http://www.forexcycle.com/eurusd.html
EURUSD is testing the key resistance at 1.2878. Up trend will resume after break above this resistance. If the resistance holds, the pair would move lower to wards 1.2754 to reach the next cycle bottom before the resumption of the up trend. Key support is at 1.2754, as long as the key support holds, EURUSD is treated as in correction to the up trend and rise above 1.2978 is possible after this correction. http://blog.forexcycle.com
Key support at 1.8956 is broken below, GBPUSD topped at 1.9090 on 4 hours chart. The pair is testing the up trend line support. If the support holds, GBPUSD will bottom here and rebound towards the key resistance at 1.9079. If this trend line support gives way, the pair would fall towards 1.8829 previous low support.
AUDUSD is in up trend. The fall from 0.7719 is treated as in correction to the up trend. Further rise above 0.7719 is possible after this correction. Key support is at 0.7626, only break below this level may signal the reversal to the up trend.
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