GBPUSD hit 1.2400/1.2390 & below here targets 1.2350/45, perhaps as far as 1.2310/00. Gains are likely to be limited with bears in control. Minor resistance at 1.2435/45 held by 9 pips but above here today targets 1.2485/95. Try shorts at 1.2560/70 with stops above 1.2585.

GBPJPY gains are likely to be limited with bears in control. Minor resistance at 134.50/55 (we topped just 7 pips above yesterday) & 134.95/99. A break above 135.15 meets a selling opportunity at 135.70/80, with stops above 136.00. A break below 133.90 targets 133.50/45 & 133.00/132.90.


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