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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USDCAD Daily Analysis - October 27, 2016 Forex Analysis

USDCAD is facing 1.3397 resistance, a break of this level will signal resumption of the uptrend from 1.3005, then next target would be at 1.3600 area. Support is at 1.3276, only break below this level will indicate that the uptrend had completed at 1.3397 already, then the following downward movement could bring price back to 1.3100 zone.

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AUDUSD Daily Analysis - October 27, 2016 Forex Analysis

AUDUSD failed to break above 0.7734 resistance, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and the target would be at 0.7500 area.

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EURUSD Daily Analysis - October 27, 2016 Forex Analysis

EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700 area. On the upside, a clear break above the channel resistance 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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USDJPY Daily Analysis - October 26, 2016 Forex Analysis

USDJPY broke above 104.63 resistance, indicating that the uptrend from 100.08 has resumed. Further rise could be expected in a couple of days, and next target would be at 106.00 area. Support is at 103.75, only break below this level could bring price back to test 102.81 support.

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