GBPUSD continued its downward movement from 1.6822, and the fall extended to as low as 1.6545. Further decline could be expected after consolidation, and the target would be at 1.6450 area. Resistance is at 1.6670, followed by the upper line of the price channel on 4-hour chart, only a clear break above the channel resistance could trigger another rise towards 1.7000. 

EURUSD moved sideways in a trading range between 1.3833 and 1.3966. As long as the trend line support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477. Further rise could be expected after consolidation, and next target would be at 1.4000 area. Only a clear break below the trend line support could signal completion of the uptrend. 

EURUSD's upward movement from 1.3477 extended to as high as 1.3966. Key support is located 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 1.4000 area. Only a clear break below the trend line support could signal completion of the uptrend

GBP/USD

still in downtrend

GBPUSD remains in downtrend from 1.6822. Deeper decline would likely be seen, and the target would be at 1.6500 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could trigger another rise towards 1.7000. 

USDJPY is facing 101.20 support, a breakdown below this level will signal resumption of the downtrend from 105.44 (Jan 2 high), then the following downward movement could bring price to 98.00 area. Resistance is at 101.90, only break above this level will indicate that lengthier consolidation in the trading range between 100.75 and 103.76 is underway, then next target would be at 103.00 area. 

GBPUSD continued its downward movement from 1.6785, and the fall extended to as low as 1.6568. Deeper decline is still possible, and the target would be at 1.6500 area. Resistance is at 1.6665, only break above this level could trigger another rise to re-test 1.6822 resistance. 

EURUSD is facing 1.3914 resistance, a break above this level will signal resumption of the uptrend from 1.3477, then next target would be at 1.4000 area. Initial support is at 1.3830, and the key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend. 

Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.8924, indicating that the fall from 0.9133 is complete. Further rally could be expected and next target would be at 0.9100 area. On the downside, a breakdown below 0.8890 key support will confirm that the longer term uptrend from 0.8660 (Jan 24 low) had completed at 0.9133 already, then the following downward movement could bring price back toward 0.8500. forex

GBPUSD  forex stays in a trading range between 1.6582 and 1.6822. As long as 1.6582 key support holds, the uptrend from 1.6252 could be expected to resume, and one more rise towards 1.7000 is still possible. On the downside, a breakdown below 1.6582 support will indicate that the uptrend from 1.6252 had completed, then deeper decline to 1.6400 area could be seen. 

EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the price action form 1.3773 could be treated as consolidation of the uptrend from 1.3477, one more rise towards 1.4000 is still possible after consolidation. Only a clear break below the trend line support could signal completion of the uptrend. 

AUDUSD broke below 0.8906 support, suggesting that the uptrend from 0.8660 had completed at 0.9080 already. Deeper decline would likely be seen, and next target would be at 0.8800 area. However, the fall from 0.9080 would possibly be correction of the uptrend from 0.8660, one more rise is still possible after correction. Resistance is at 0.8990, a break above this level could trigger another rise towards 0.9300.

GBPUSD broke above 1.6730 resistance. Further rise to test 1.6822 resistance would likely be seen, a break above this level will confirm that the uptrend from 1.6252 has resumed, then next target would be at 1.7000 area. Support is at 1.6670, only break below this level will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to 1.6400 area to complete that consolidation is possibleso we will ent

so we will enter the market short postion only broke below the 16670 support and as long as this point is hold we can nter bur order 

EURUSD broke above 1.3773 resistance, indicating that the uptrend from 1.3477 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.3900 area. Key support is now located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813. As long as the channel support holds, the fall from 1.6822 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.7000 area. Only a clear break below the channel support could signal completion of the uptrend.