GBPUSD & GBPJPY ... Short term view....
GBPUSD looks like hitting and possibly done a retrace off the Friday's lows and have tested a decent resistance. A fall back towards 377X looks likely. A break below the later would yield more losses on the pair.
Alternatively a clean break above 3880 brings the focus back towards rallies close to 1.4000 lvl.
GBPJPY like the GBPUSD has also tested a resistance on the retrace and considering GBPUSD can pull lower; would expect a move lower towards sub 146 as well..
i.imgur.com/vn9LfWP.png
GBPUSD 4hr -
i.imgur.com/tR6oFJV.png
GBPJPY 4 hr
GBPUSD looks like hitting and possibly done a retrace off the Friday's lows and have tested a decent resistance. A fall back towards 377X looks likely. A break below the later would yield more losses on the pair.
Alternatively a clean break above 3880 brings the focus back towards rallies close to 1.4000 lvl.
GBPJPY like the GBPUSD has also tested a resistance on the retrace and considering GBPUSD can pull lower; would expect a move lower towards sub 146 as well..
i.imgur.com/vn9LfWP.png
GBPUSD 4hr -
i.imgur.com/tR6oFJV.png
GBPJPY 4 hr