GBP/USD held minor resistance at 1.3930/35 to bottom exactly at the 1.3860/70 level. A bounce re-targets 1.3930/35 of course then strong resistance at 1.3950/60. Exit longs & if you decide to try shorts, stop above 1.3990. A break higher however is an important buy signal so be ready to jump in to longs & hold in to the end of the week.
Bulls must hold support at 1.3850/45 but longs need stops below 1.3800.
GBP/JPY holding minor support at 146.55/45 allows a recovery to 146.90/80 before important Fibonacci & 200 day moving average resistance at 147.70/80 for a selling opportunity with stops above 148.10. Be ready to buy a break higher today however for 148.35, 148.55/60 & 148.95/99.
Failure to hold minor support at 146.55/45 targets 146.00. A break below 145.75 risks a retest of the 145.00/144.98 low.