USD/JPY Weekly Chart
GBP/JPY Hourly Chart
GBP/JPY shown a strong bullish move on Friday. The pair has reach 38.2% retracement of the drop (230.32 to 223.55), and facing resistance at 89 EMA area (blue lines). I expect the pair will move in it current channel. Next resistance is at 50% area and 200 EMA (red line). We might see another consolidation before any certain direction is broken.
Cable weekly chart shown the pair broke its channel and reach support at 89 EMA area. The corrective move is finish though. I think the pair could reach the 50% area and 200 EMA. As for Yen, the pair closed at 38.2% area, just below the trendline. We'll see how strong is the USD. If not, it might go back to it support at 23.6% area (111.20).
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