UP NEXT: 
TECHNICAL ANALYSIS:
AUD/JPY: Seeking bullish setups above 100.50
Both AUD/JPY and NZD/JPY are within bullish parabolic movements and are similar setups. I have drawn a bullish channel but due to the steepness of it I had to readjust my MT4 just to be able to show it properly.
Note that we are now above the round number of 100 which favours further upside. There is a strong zone of support between 100.6-101.20 which could provide a good buy-limit area assuming we do see another pullback.
Assuming this area holds as support then 102.40 would be the initial target and provides a decent reward / risk ratio.
A break below the bullish trendline is likely to see a retest of 100 but due to the several layers of support I am only seeking bullish setups in line with the dominant trend.
GBP/USD: Inflation data to dictate from here
With a host of data from UK at 9:30 GMT me may find trading subdued leading into it. However as we are around a pivotal area (as it is midway between the 1.56 - 1.57 range) then it may suit a breakout setup within side of this range.
So if data comesin strong enough for UK we can expect to trade in the upper half, and any soft data should see it move towards the lower half.