We think this move is a corrective wave and its gonna resolve much lower to meet the weekly downtrend. Upwards spikes might exist as the short term trend is bullish, but you can start building short positions at 1.07xx levels
USDJPY approaching interesting support levels in intraday and in Daily trimeframes, I would wait for a reversal signal in intraday or at least close any open short position.
Trump will hold a news conference for the first time in 165 days, and I have a feeling that the initial short story will revamp. Technical speaking we can see a H&S formation in intraday charts, that gives a target of 20pts if valid.
USDJPY is in decent uptrend and any drawback should be taken as buying opportunity, the intraday time frame might be in downtrend mode, but this will change quickly when the buyers step in. I would buy when pair breaks upwards the 116 level for 40-50 pips intraday.
Cable is in sell off mode, current accumulation will resolve soon and market will go down, sell here, stop 1.22, with target 1.18
Market still in downtrend mode, so sell here with stop 1.07 and target 1.04