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USD/JPY's rebound from 155.22 extended higher. While further rise could be seen, sustained break of 55 4H EMA (now at 159.67) is needed to indicate that fall from 163.97 has completed. Otherwise, risk will remain on the downside. Below 157.30 minor support will bring retest of 155.22 low. Nevertheless, sustained break of 55 4H EMA will bring stronger rally to 61.8% retracement of 163.97 to 155.22 at 160.62.

In the bigger picture, as long as 155.01 cluster support (38.2% retracement of 139.87 to 163.97 at 154.76) holds, the larger up trend is still expected to continue through 163.97 after current correction completes. However, firm break of 155.01 will raise the chance that USD/JPY is already in a larger scale correction, and open up deeper fall back to 139.87 (2025 low) in the medium term.

Intraday bias in GBP/USD stays neutral as range trading continues. Overall, corrective pattern from 1.3867 is still extending. On the upside, break of 1.3557 will extend the rise from 1.3139 to 1.3657 resistance first. On the downside, below 1.3272 will target 1.3139 support.

In the bigger picture, price actions from 1.3867 are a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is in favor for a later stage, towards 1.4248 key resistance (2021 high). However, firm break of 1.3008 will at least bring deeper fall to 38.2% retracement of 1.0351 to 1.3867 at 1.2524, with increased risk of bearish reversal.

USD/CHF is still staying in established range below 0.8205 and intraday bias remains neutral. Further rally is in favor with 0.8029 support intact. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% projection 0.7603 to 0.8041 from 0.7600 at 0.8469. However, decisive break of 0.8029 will bring deeper fall to channel support (now at 0.7911).

In the bigger picture, focus is now on 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213. Decisive break will argue that USD/CHF is reversing the medium term trend, and turn focus to 0.8332 support turned resistance (2023 low) for confirmation. Nevertheless, rejection by 0.8213 will maintain medium term bearishness for another fall through 0.7603 at a later stage.

Intraday bias in AUD/USD is turned neutral with current retreat. Above 0.7063 will extend the rise from 0.6864 to 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, however, break of 0.6894 will turn bias back to the downside back to 0.6921 support instead.

In the bigger picture, price action from 0.7277 medium term top is seen as developing into a correction to rise from 0.5913 only. While deeper decline cannot be ruled out, downside should be contained by 38.2% retracement of 0.5913 to 0.7277 at 0.6756 to bring rebound. Consolidations would continue below 0.7277 for a while, before an eventual upside breakout.

Outlook in USD/CAD is unchanged. While corrective fall from 1.4247 might extend lower, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. Firm break of 1.4127 will bring stronger rally to retest 1.4247 high. However, sustained break of 1.3954/65 will bring deeper fall to 61.8% retracement at 1.3773, and argue that rebound from 1.3480 might have completed.

In the bigger picture, fall from 1.4791 medium term top has completed as a three wave correction to 1.3480. It's still early to judge if rise from there a corrective bounce, or resumption of the larger up trend from 1.2005 (2021 low). But in either case, sustained break of 61.8% retracement of 1.4791 to 1.3480 at 1.4290 will pave the way to retest 1.4791 high. However, rejection by 1.4290 will argue that fall from 1.4791 is going to extend with another leg through 1.3480 instead.

GBP/JPY's rebound from 209.55 extended higher. But near term risk will stay on the downside as long as 55 4H EMA (now at 214.06) holds. Below 211.67 minor support will bring retest of 209.55 low first. Nevertheless, sustained trading above 55 4H EMA will bring stronger rally to 61.8% retracement of 219.56 to 209.55 at 215.73.

In the bigger picture, as long as 55 W EMA (now at 208.85) holds, the long term up trend is still expected to continue. But some more consolidations should be seen below 219.56 medium term top first. However, sustained break of 55 W EMA will argue that it's already in a medium term down trend to 184.35 support and below.

EUR/JPY's rebound continues today. While further rise could be seen, overall near term risk will stay on the downside as long as 55 4H EMA (now at 183.48) holds. Below 181.15 minor support will bring retest of 179.34 low first. Nevertheless, sustained trading above 55 4H EMA will bring further rally to 61.8% retracement of 187.42 to 179.34 at 183.33.

In the bigger picture, uptrend from 114.42 (2020 low) is still expected to resume at a later stage to 78.6% projection of 124.37 (2022 low) to 175.41 (2025 high) from 154.77 at 194.88. However, sustained break of 55 W EMA (now at 180.26) will argue that it's already in a medium term down trend to 175.41 resistance turned support and below.

Sideway trading continues in EUR/GBP and intraday bias remains neutral. While another rise cannot be ruled out, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8258 support will argue that the corrective rebound from 0.8453 has completed, and turn bias back to the downside for retesting this low.

In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 38.2% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be neutral at best as long as 0.8610 support turned resistance hold.

EUR/AUD is still bounded in sideway trading and intraday bias remains neutral. Overall, near term corrective pattern from 1.6108 (or 1.6125) is still extending. On the upside, above 1.6503 will target 1.6617 resistance first. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low.

In the bigger picture, outlook will stay bearish as long as 1.6842 resistance holds. Fall from 1.8554 (2025 high) is expected to continue to 61.8% retracement of 1.4281 to 1.8554 at 1.5913. Decisive break there will pave the way back to 1.4281 (2022 low). However, firm break of 1.6842 should confirm medium term bottoming, and bring stronger rally.

EUR/CHF's rally resumed by breaking through 0.9348 resistance and intraday bias is back on the upside. Rally from 0.8979 should now target 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379, and then 0.9394 structural resistance. Decisive break there will carry larger bullish implications. On the downside, below 0.9313 minor support will turn intraday bias neutral again first.

In the bigger picture, considering bullish divergence condition in W MACD, rise from 0.8979 medium term bottom should at least be reversing the fall from 0.9928, with prospect of developing into a medium term up trend. Firm break of 0.9394 resistance will add more credence to this case. For now risk will remain on the upside as long as 0.9094 support holds, in case of retreat.