Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance. I expect a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high
USD/JPY
Although the rebound above 79.50 was a little bit stronger than expected, the downtrend is already renewed, so my outlook is bearish, towards 78.60 support area. Initial minor resistance is projected at 79.55 and crucial on the upside is the 80.10 high.
GBP/USD
GBP/USD" title="GBP/USD" width="520" height="354">
Yesterday's slide below 1.6050 was limited above 1.5997 support area and current intraday bias is already positive above 1.6040 minor support, so my outlook is bullish, for a rise through 1.6145, towards the 1.6308 high.