Buyers in USDJPY and GBPUSD into the London fixing
Both the USDJPY and the GBPUSD traded to new highs into the London fixing, and that combination is a bullish cocktail for the GBPJPY.
Looking at the hourly chart, the GBPJPY moved back above the 100 and 200 hour MAs, based against the 200 hour MA and took off.
The price moved above a topside trend line at 154.98. That is now close risk for the buyers.
The USDJPY moved to new session highs at 109.18 (the 109.20 has been the high for the week). The first test, stalled the run.
For the GBPUSD, the price moved to 1.4232 and above the 61.8% of the move down from last weeks high at 1.42045. That is now close support.
