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Intraday bias in USD/JPY remains on the upside for 161.94 high. Firm break there will resume larger up trend. Next near term target will be 100% projection of 152.25 to 160.71 from 155.01 at 163.47. On the downside, break of 160.58 minor support will turn intraday bias neutral first.

In the bigger picture, for now, corrective pattern from 161.94 (2024 high) is still seen as completed at 139.87. Rise from there is seen as resuming the long term up trend. So, break of 161.94 is expected at a later stage to resume the long term up trend. However, sustained break of 55 W EMA (now at 155.13) will dampen this view and bring deeper fall back towards 139.87 to extend the pattern from 161.94.

GBP/USD's fall continues today and intraday bias stays on the downside. Decisive break of 1.3158 support will extend the whole decline from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. On the upside, above 1.3260 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall.

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's rally continues today and intraday bias remains on the upside. Break of 0.8041 confirms resumption of the rise from 0.7603. Next target is 100% projection 0.7603 to 0.841 from 0.7600 at 0.8198. On the downside, below 0.8012 resistance turned support will turn intraday bias neutral and bring consolidations first before staging another rise.

In the bigger picture, while a medium term bottom was formed at 0.7603, it's still early to call for bullish trend reversal. As long as 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213 holds, the larger down trend could still continue through 0.7603 at a later stage. However, firm break of 0.7603 will argue that the trend has reversed and turn focus to 0.8332 support turned resistance (2023 low) for confirmation.

AUD/USD is still bounded in range of 0.6977/7087 and intraday bias remains neutral. On the downside, break of 0.6977 will resume the fall from 0.7277 towards 0.6832 support. On the upside, break of 0.7087 will bring stronger rebound to 0.7200 resistance.

In the bigger picture, considering bearish divergence condition in D MACD, a medium term top could be formed at 0.7277 after failing to sustain above 61.8% retracement of 0.8006 (2021 high) to 0.5913 (2024 low) at 0.7206). Deeper fall could be seen to 38.2% retracement of 5913 to 0.7277 at 0.6756 as a correction. But strong support should be seen there to bring rebound. Consolidations would continue below 0.7277 for a while.

Intraday bias in USD/CAD remains on the upside at this point. Further rally should be seen to 61.8% retracement of 1.4791 to 1.3480 at 1.4290 next. On the downside, below 1.4092 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, current development suggests that fall from 1.4791 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, retest of 1.4791 high should be seen next.

Intraday bias in GBP/JPY remains on the downside at this point. Rebound from 210.43 could have completed at 215.59 already. Deeper fall should be seen to 211.23 support first. Firm break there will target 210.43. On the upside, above 214.04 minor resistance will turn intraday bias neutral again.

In the bigger picture, there is no clear sign of trend reversal yet. The long term up trend could still extend to 61.8% projection of 148.93 (2022 low) to 208.09 (2024 high) from 184.35 at 220.90 on resumption. However, sustained break of 55 W EMA (now at 207.11) will argue that it's already in medium term down trend for 184.35 support.

EUR/JPY recovered ahead of 183.95 support and intraday bias is turned neutral first. On the downside, firm break of 183.95 will argue that rebound from 182.01 has completed, and bring deeper fall back to this support. Nevertheless, break of 186.30 will resume the rise to retest 187.93 high instead.

In the bigger picture, there is no sign of reversal yet. 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 179.23) will argue that it's already in a medium term down trend to 175.41 resistance turned support and below.

EUR/GBP failed to sustain above 0.8680 resistance on first attempt, and intraday bias remains neutral. On the upside, firm break of 0.8680 will bring further rally back to 0.8278 resistance. Decisive break there will argue that fall from 0.8863 has completed already. On the downside, however, decisive break of 0.8610 support will revive the case of bearish trend reversal.

In the bigger picture, focus is staying on 38.2% retracement of 0.8221 to 0.8863 at 0.8618. Strong rebound from there will retain medium term bullishness. Rise from 0.8221 should resume through 0.8863 at a later stage. Nevertheless, sustained break of 0.8618 will confirm that whole rise from 0.8221 has completed at 0.8863. Deeper decline should then be seen to 61.8% retracement at 0.8466 at least.

Extended fall in EUR/AUD suggests that rebound from 1.6108 has completed as a corrective three-wave move to 1.6516. Intraday bias is back on the downside for 1.6108/6186 support zone. On the upside, above 1.6453 will turn bias back to the upside, and resume the rise from 1.6108 through 1.6516.

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.

Intraday bias in EUR/CHF is back on the upside with break of 0.9234 temporary top. Further rise should be seen to retest 0.9264 first. Firm break there will resume the rally from 0.8979 to 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. Outlook will now remain bullish as long as 0.9179 support holds, in case of retreat.

In the bigger picture, as long as 0.9394 resistance holds, down trend from 0.9928 (2024 high) could still be in progress. Firm break of 0.8979 will confirm down trend resumption. However, decisive break of 0.9394 will be an important sign of medium term bullish reversal.