GBPAUD - Price broke through overhead resistance at 2.0000 on Wednesday and now this level could be acting as support. Thursday and Friday saw declining buying pressure. If I can see evidence of 2.00 acting as support and sign of strong buying power then I will be looking to enter long above support.
GBPJPY - the picture here is very similar to GBPAUD above. Price broke through 159.70 resistance and had pulled back to this level again. I will take extra caution here because there is recent evidence on daily chart to suggest that support level can be as low as 159.00 . Again, the plan is to see confirmation that support is holding and then go long at the first sign of buyers in control above support.
USDJPY - Buyers have been in control for 2 weeks, pushed price up from 105.50 and now it is close to 111.00 resistance. If price gets there then I will be looking for signs of reversals and enter short below resistance when all of my entry criteria are met.
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