GBPUSD: I remain bearish and yesterday I moved the stop just near breakeven above 1.5490. Little reason to shift from my bias. Some may want to take partial profit on a stall at these levels, as it likewise coincides with the bottom of its falling trend channel. Yet my first real profit target isn't until 1.5150.
USDJPY: I've been talking up a USDJPY-long position for a few days now, and I think there's reason to believe we've hit a relatively significant sentiment extreme on the JPY itself. That said, it's dangerous to buy into such sharp declines, and I will likely wait until the pair sees a break upwards in price before establishing a position. Falling trendline resistance comes in at 84.50.
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