GBPUSD is currently on an uptrend, the trend correction that started some days ago has probably ended today because a major trendline is broken on the higher time frame. i anticipate an impulsive BUY with the trend for the next few days.
Structure is king
price currently at a support zine price 1.26160 from there price can either buy or sell. The sell trend is very strong so far so i am expecting a break through support for potential sell continuation. but if price stays about support expect buys
Here shows a simple analysis where The Euro is going to lose value against the US Dollar. Price not to long ago broke a major trendline and has been bearish ever since. Price is currently borderline testing a recent resistance Zone. After price test this resistance zone it will reject and sell towards the next support zone creating a new Lower Low for this new downtrend.
GBPJPY Analysis Update: GJ reached resistance and rejected. Expect price sell to retest same support 142.071 then possibly bounce for a slight buy if price stays under resistance Long-Term Daily Timeframe
USDJPY Analysis Update: UJ fully Reached resistance 104.973 as predicted and broke trend-line. Expect a continuation buy towards next resistance 105.661 as long as UJ satay above trend.
Once reached expect a possible retracement from resistance for a continuation buy long-term daily timeframe.