DXY has been respecting the recent upper and lower channel. Expecting DXY to drop further after Thursday's impulsive move breakout to the downside.
JPY has been losing its strength due to recent shift to risk-on trades. Potential upside for GBPJPY if we can see a breakout from the current consolidation area.
Recent choppy session might have exhausted gbp to the downside. Possible bottom of a new channel has been formed.
dxy with ichimoku base line
It will most likely respect the downward long term trend line, expecting to SELL
Based on price action
purely based on price action analysis