USDJPY Daily Analysis - February 20, 2017 Forex Analysis

USDJPY's downward movement from 114.95 extended to as low as 112.61. Further decline to test 111.59 support would likely be seen in a couple of days, a breakdown below this level will signal resumption of the longer term downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

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AUDUSD Daily Analysis - February 20, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7731 is likely consolidation of the uptrend. Key support is at 0.7605, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.7800 area. Only break below 0.7605 support could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 20, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2346 and 1.2582. As long as the pair is below 1.2582 resistance, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area is possible after consolidation.

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EURUSD Daily Analysis - February 20, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0828, the bounce from 1.0521 would possibly be correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.0400 area. Resistance levels are at 1.0679 and 1.0740, only break above these levels could trigger another rise towards 1.1000.

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