GBPJPY out of bearish triangle and heading down on the daily.

GBPJPY is no longer behaving impulsively to the upside, and it looks like a wave C down at least is necessary before further upside can be made from an EW perspective. I am bearish under 173.4.

USD may have a tough time this week as gas contracts will likely be signed in china denominated in Ruble/Yuan.

Disclaimer