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GBPUSD

Cable is falling sharply since the pair found a top at 1.2433 levels, where we called the end of the corrective wave B circled. We can see nice five sub waves of decline from that high, so despite a bearish turn we need to be aware of a potential bounce, at least in three waves, in the very near future. Ideally, the market will turn up from around 1.2050-1.2100 area.

GBPUSD, 1H

EURJPY

EURJPY turned nicely up from 122.00, where I labeled a completed triangle in a fourth wave so we must be aware of higher prices, especially once 123.78 is broken, which can make room for 125.00/30 this week.

EURJPY, 1H