GBP/USD
On H4, the GBP/USD is correcting and range-trading. Once the low at 1.3049 gets broken out, the price may move to the post correctional extension of 138.20% to 161.80% Fibo, or 1.2931 to 1.2858. If a correctional uptrend goes ahead, the price may reach 38.20%, or 1.3555, and 50.00%, or 1.3712.
On H1, GBP/USD is forming a downtrend towards 1.3049, with the resistance being at the 1.3363 high.
EUR/JPY
On H4, the EUR/JPY uptrend has reached the 50.00% Fibo level. The price may continue rising to reach 61.80%, or 132.56, but the divergence is forming, which may signal a reversal is near. The next levels may lie at 23.60%, or 130.24, 38.20%, or 129.16, and at 50.0%, or 128.30.
On H1, the EUR/JPY is conforming a local divergence, which may be an additional reversal signal.
