GBP

 

GBP/USD.  Two support lines below to see far lower GBP/USD: 1.2695 and 1.2710. The 1.2710 average is definitely overbought as well as averages 5 to 20 day. Targets for the averages range from 1.2866 to 1.2820. Until the 1.2710 and 1.2695 averages break, GBP is working itself higher.

Main pair GBP/JPY assists to confirm overbought in GBP/USD. Main lines below supports 141.93 and 141.57. GBP/JPY is wildly overbought. Targets : 144.20, 143.37, 142.87.

A short in GBP/USD might as well take shorts for GBP/JPY as well.

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