RSI AND RESISTANCE LEVEL SHOWING POTENTIAL FOR GBP TO REVERSE TO THE BASE OF THE CHANNEL AROUND 1.82 ZONE.
WITH ALL THE POLITICS SWAYING THE PRICE ACTION IN GBP IT IS MOST LIKELY GOING TO BE A STEADY DECLINE OVER THE NEXT 7-8 WEEKS IN LINE WITH PREVIOUS WEEKLY CYCLES.
USDJPY fluctuated above the 109.57 support level. The movement showed a potential short-term upside as long as the 109.57 support hold.
Nearest target should be around resistance at 110.35, with the risk to the downside is the support around 109.20.
No major economic data or event from U.S is expected to create volatility to USDJPY. But pay attention to BoE...
