USDJPY

This pair is close to first resistance area 121.90-122.04 set by Tenkan-sen and Kijun-sen. These lines crossed lately giving sell signal and Chikou Span is also below chart. Technically speaking, if gains on USDJPY will be continued, their range will be limited by (5/8)P 122.66. Only breaking resistance (6/8)P 123.44 will open the road of continuation of bullish trend on USDJPY. It is still probable that after short term break above it will come back to Senkou Span B 120.90 and then (0/8)P 118.75.

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GBPAUD

Consolidation area on GBPAUD is getting narrow and today it is set by Kijun-sen 2.0955 and Tenkan-sen 2.0853. Ichimoku lines setup suggest GBPAUD going back to bearish trend after decrease below Tenkan-sen. We have to watch out for support (1/8)P 2.0752. Only breaking this area will open the road to further decreases which is level 2.0370 (Senkou Span B on the weekly chart). From the other side close of the candle above daily Senkou Span B 2.1025 will mean setting local low and bigger correction to 2.1240 or even 2.1485.

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