USDJPY Daily Analysis - October 13, 2016 Forex Analysis

USDJPY stays in the upward price channel on 4-hour chart and remains in uptrend from 100.08. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 106.00 area. Key support is at 102.81, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 100.00 zone.

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AUDUSD Daily Analysis - October 13, 2016 Forex Analysis

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.7710. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is at the downtrend line, and the key resistance is at 0.7628, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - October 13, 2016 Forex Analysis

GBPUSD is in short term uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rise to 1.2700 area to complete the upward movement would likely be seen. Key support is at 1.1946, only break below this level could trigger another fall towards 1.1500.

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EURUSD Daily Analysis - October 13, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1279 and the downward movement extended to as low as 1.1000. Further decline could be expected after a minor consolidation, and next target would be at 1.0950 area. Near term resistance is at 1.1060, as long as this level holds, the downtrend will continue.

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