It seems GBPJPY is deciding to give another leg down, at around 157-159 zone levels..
It is expected this week we might see some retracement towards 116 zone, before another leg down in USDJPY.
The numbers speak by themselves. Charts do the talking. Price Action Rules the Game. Well, as per the technicals, there is a chance for a drip back to 61.8% Fibs around 1.10230 zone. Which shall become the Support now to the previous resistance. And jump upwards from there to the 1.618 Fib Extension coming at 1.17297... However, to avoid greediness, and follow...
EURUSD Weekly Update.. On a Monthly picture, still more downside to be seen...
Risk Off trades to be seen in coming weeks... Equities Failing... Price Action of EURUSD also suggests to drop some more pips...