Read the USDJPY analysis and the GBPUSD analysis
Anticipating some brief upward move on the USDJPY (before a continuation to the downside) and a continuation of the upward trend on the GBPUSD.
This could signal some upside potential for the GBPJPY as the price finds support along the 163 price level. The GBPJPY could climb to retest the 166 resistance level briefly.
However, watchout for the potential hesitation level at the 164.50 price level which coincides with the 50% fib level in the shorter term.
Anticipating some brief upward move on the USDJPY (before a continuation to the downside) and a continuation of the upward trend on the GBPUSD.
This could signal some upside potential for the GBPJPY as the price finds support along the 163 price level. The GBPJPY could climb to retest the 166 resistance level briefly.
However, watchout for the potential hesitation level at the 164.50 price level which coincides with the 50% fib level in the shorter term.
