Check the charts. Looking for a break and retest in either direction, then we make our move. Lets see how the GBP acts this week. Pay attention to the news specifically the GBP's Claimant Count Change rate, CPI y/y, Official Bank Rate, Monetary Policy Summary and the JPY's Monetary Policy Statement, BOJ Press Conferenceand National Core CPI y/y. Also check the fibonacci on the daily to see that we are currently at the golden zone area.