GBPUSD moved sideways in a narrow rang between 1.2205 and 1.2346. As long as 1.2346 resistance holds, the price action in the rang could be treated as consolidation for the downtrend from 1.2581, further decline to 1.2100...
EURUSD broke above the bearish price channel on the 4-hour chart, a break of 1.0967 resistance would confirm that the downside movement from 1.1109 had completed at 1.0879 already, then another rise towards 1.1050 could be seen....
USDCAD broke below 1.3213 support, further decline would likely be seen in the coming days and next target would be at 1.3150 area. Resistance is at 1.3290, only break above this level could trigger another upside movement...
USDJPY broke below the support of the rising price channel on the 4-hour chart. Another fall towards 106.95 support would likely be seen in the coming days, below this level could trigger further downside movement towards 106.00.
AUDUSD extended its downside movement from 0.6894 to as low as 0.6670. Further decline is still possible after a minor consolidation and next target would be at 0.6650 area. Near term resistance is at 0.6720, above this...
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2205 could be treated as consolidation for the downtrend from 1.2581, further...
EURUSD is facing the resistance of the bearish price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.0879 could be treated as consolidation for the downtrend from 1.1109, further decline...
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