GBP/USD dropped lower but is now being supported by a key pass through trend line. For complete confirmation we need to wait and see how this daily candle closes before making a decision. But as long as this daily candle closes above this trend line i'd recommend staying long and look to take profit around the purple horizontal line. If you wanted to add another...
GBP/JPY is in a good position to buy. By time this analysis post it should have either pushed higher or retraced to a perfect buy position.
Buying at current levels would defiently be considered an aggresive position. However if prices have retraced to the 0.618 fib level, that would be the perfect entry.
This pair will most likely try to push lower towards the next level of major support. For the most if you tend to trade more conservatively you can enter at the highest level of resistance, however there is no garuntee that it will reach that level. Although in the event it does reach that level it would be wise to wait and make sure there isn't a break & close...
