GBPJPY TECHNICAL ANALYSIS

WEEKLY

The weekly trend is now moving slowly upwards in tight channel with a large bearish bias. The rounding marked by Z increases the bearish bias indicating a high probability of another swing down into the large weekly and monthly support around 175.41. But this can only be confirmed by a break and close below trendline marked X.

USDJPY TECHNICAL ANALYSIS

DAILY

There is a possibility of retest of monthly highs and even making higher highs around 127.327 resistance zone but change in the momentum on the monthly chart puts a lot of downward pressure.
On the daily, there is still for chance for another upward swing but a close below 122.735 support zone marked by Z may lead to selling up to around the 120.702 support zone marked by Y. 

GBPAUD TECHNICAL ANALYSIS

DAILY

The pair is now channeling upwards with strong down side pushes after break of the major trend. Break of the of the support trendline Y will land it into an immediate support zone around 2.11867 and break of that will lead to retest of the daily lows around 2.09658. The 2.13573 is strong daily support therefore wait for a break and close of the candle below the zone.