USDJPY Daily Analysis - October 12, 2016 Forex Analysis

USDJPY remains in uptrend from 100.08. Another rise to test 104.31 resistance would likely be seen. Support is at 102.50, only break below this level could bring price back to 100.50 zone.

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AUDUSD Daily Analysis - October 12, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7710 and the fall extended to as low as 0.7532. Resistance is now at 0.7628, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7400 area. On the upside, a break of 0.7628 resistance will indicate that the downtrend had completed at 0.7532 already, then the following upward movement could bring price to 0.8000 area.

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GBPUSD Daily Analysis - October 12, 2016 Forex Analysis

GBPUSD is now in uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rally could be expected after correction, and next target would be at 1.2800 area. Key support at 1.1946, only break below this level could trigger another fall towards 1.1500.

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EURUSD Daily Analysis - October 12, 2016 Forex Analysis

EURUSD continued its downward movement from 1.1279 and the fall extended to as low as 1.1041. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance is at 1.1130, as long as this level holds, the downtrend will continue.

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