GBP/USD bottomed 15 pips above support at 1.3480/70 on the pull back last week. Minor resistance at 1.3540/50 but above retargets 1.3600/10 before MEGA important longer term Fibonacci resistance at the high of 1.3650/56. This is absolutely key to direction. A break above 1.3700 is a very important longer term buy signal targeting 1.3760/70, 1.3795/99, 1.3830/40 and 1.3855 (just to start). We should eventually see 1.4000 and perhaps 1.4320.
First support at support at 1.3480/70 but below here targets a buying opportunity at 1.3400/1.3390. Stop below 1.3360. GBP/JPY bulls must hold the pair above the 153.35/40 December high for a buy signal targeting 153.60, 154.10/20 and 154.70/80 (just to start).
First support at 152.75/65 then better support at 152.10/00. A bounce from here shows bulls are still in control but longs need stops below 151.60.