USDJPY Daily Analysis - October 28, 2016 Forex Analysis

USDJPY's upward movement from 103.16 extended to as high as 105.34. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 106.00 area.

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AUDUSD Daily Analysis - October 28, 2016 Forex Analysis

AUDUSD's downward movement from 0.7734 extended to as low as 0.7579. Further decline could be expected in a couple of days, and the target would be at 0.7540 area.

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EURUSD Daily Analysis - October 28, 2016 Forex Analysis

EURUSD is facing the resistance of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from 1.1279 could be expected to continue, and further decline to 1.0700 area is still possible. Key resistance is at 1.0946, only break above this level will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

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