Hello friends as posted in my blog about USDJPY on 2nd Oct 16 the pair has broken out from the triangle on the upside. Now next hurdle is sitting at 104.320 region. If the pair is able to close this week above 104.320 then we will be sure about the uptrend in the pair. But I will still advice to wait for the right time. I mean let the pair close above the said level and then wait for the pullback to enter the bandwagon.



Next we had talked about GBPUSD on 4th Oct 16 that a breakdown has occured and this breakdown may lead to a 735 pips fall which may take the pair to all the way to 1.20620. The pair is trading at 1.26300 at the time of writing this post and has already shed 118 pips from its opening price of 1.27521. But we will see more fall as the pound looks very weak as compared to USD.



Please leave your valuable suggestions and comments about these setups.
Happy trading to all.
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