EURJPY
EURJPY is trading nicely down for the last few session.. Decline is quite sharp at the moment so ideally that's wave three in play towards 124.20-124.60 area where we see some typical Fibonacci projections for extended third wave. That said, we will still keep a close eye on this pair as some interesting sell opportunities may occur later this week, if 126.08 will stay untouched. If stocks will trade lower, then this would also be a bullish sign for Japanese yen.
EURJPY, 1H
GBPUSD
GBPUSD remains bearish as recent minor intraday rally up to around 1.4195 can be wave 4 as part of a five wave decline in wave C) that is targeting 1.4100-1.4120 area where we would expect to see a bounce. Ideally this new leg up will then be in impulsive, five wave structure, but based on minimum expectations it can also be a three wave move, but still to the upside, probably back to a round 1.4280 as minimum objective.
GBPUSD, 1H
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