GBP/USD unexpectedly collapsed 260 pips from 1.4344. This is a sell signal and the rally is over. If you are long look to sell at 1.4180 and 1.4230/40 if we make it this far. Try shorts if we reach 1.4300/45 with stops above 1.4400.
We held what is good support at 1.4100/1.4090 and could do so again today – we could just trade sideways in a 300 pip band for a while. However longs need stops below 1.4050. A break lower is a sell signal targeting 1.3945/35. Try longs with stops below 1.3900.
GBP/JPY failure to hold above 155.55/65 is a sell signal. Try shorts if we get anywhere near this level again, with stops above 156.15. Be ready to sell a break below first support at 154.80/70. A break below yesterday's low at 154.40 is an added sell signal targeting the best support today at 153.95/85. Try longs with stops below 153.50.
A very unexpected break above 156.15 targets 156.60/65.