GBP/JPY Daily Outlook
Daily Pivots: (S1) 173.06; (P) 173.45; (R1) 173.82;
With 172.16 minor support intact, intraday bias in the GBP/JPY remains mildly on the upside. Current rally should extend to 161.8% projection of 147.61 to 159.98 from 156.63 at 176.64. On the downside, below 172.16 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 166.57 support and bring another rise.
In the bigger picture, the up trend from 116.83 is still in progress and there is no sign of reversal yet. Break of 159.98 resistance turned support is needed to indicate medium term topping. Otherwise, outlook will stay bullish. The up trend from 116.83 should target 50% retracement retracement of 251.09 to 116.83 at 183.96 and above.
GBP/JPY Hourly Chart" title="GBP/JPY Hourly Chart" width="600" height="600">
GBP/JPY Daily Chart" title="GBP/JPY Daily Chart" width="600" height="600">
EUR/JPY Daily Outlook
Daily Pivots: (S1) 144.69; (P) 144.93; (R1) 145.31;
With 143.53 minor support intact, intraday bias in EUR/JPY remains mildly on the upside. Current rally is expected to extend to long term fibonacci level at 152.59. On the downside, below 143.53 minor support will turn bias neutral and bring consolidations. But retreat should be contained by 140.97/142.82 support zone and bring rally resumption.
In the bigger picture, medium term up trend from 94.11 is still in progress and the EUR/JPY seems to be regaining upside momentum again. Sustained break of 61.8% retracement of 169.96 to 94.11 at 140.98 should now pave the way to 76.4% retracement at 152.59. Break of 135.50 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will stay bullish. 
EUR/JPY Hourly Chart" title="EUR/JPY Hourly Chart" width="600" height="600">
EUR/JPY Daily Chart" title="EUR/JPY Daily Chart" width="600" height="600">