GbpUsd could rise 200 pips

After reaching my target at the 1.27 zone, GbpUsd started to drop and found support at the horizontal 1.2350 level.
The drop is not impulsive and, in my opinion, is just a correction to the overall bullish trend.
A reversal to the upside could be next for GbpUsd and traders could look to buy dips slightly 1.24 figure.
The target could be the recent high at 1.2680 and a drop under recent low would negate this scenario

GbpJpy- Sell on confirmation

Since the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172.
However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168.
At this moment GbpJpy is trading near resistance and is in a consolidation.
Short-term support lies at 171.50 and a break under this support could lead to further losses and towards to lower boundary of the range.
Aggressive traders could use this break as a signal for opening short trades, keeping in mind that they trade against the trend.

Gold- false break before reversal?

Last week was a volatile one for Gold and on Thursday the price broke under important 1970 support, just to aggressively reverse back above on Friday.
Although the short-term trend is bearish, both long and medium-term trends remain strongly bullish and this break could very well be a false one.
From a short-term perspective, the price is still under the falling trend line, but, a break above this trend line would put the “false break” scenario in play and expose the 2k zone which now should act as resistance.