GBP/JPY has broken its bearish trend line. The price action has also created a higher low. The price action indicates that it will move towards the next resistance placed at 148.092. If it makes a bullish crossover above the resistance,then we can expect the price to move towards the major resistance of 149.967.
The 4-hour chart of Dollar index has completed an (1-5)Elliot wave. It is due for an ABC corrective wave. The price action indicates that it has broken the support of 94.18. A small pullback up to the support level is expected. Once the the support has been re-tested the index will move towards the next support level placed at 93.22.
The daily chart of the dollar index has formed a Full Elliot Wave. It is due for a correction in the form of ABC Wave. Also there is a possible double top pattern forming in the counter. The pair has also formed a evening star pattern in the candlestick. So as per the above analysis,we can expect a strong a downside in the Dollar index.
In monthly, ew count shows that sub wave C of wave (2) is going on here. Here are the fractals of wave (2) in daily, https://in.tradingview.com/x/JR0zn0ZA/. fibo extension of sub wave C. https://in.tradingview.com/x/8FknQmj5/ . 1(1251), 1.272(1085) quite possible here. fibo retracement levels for wave (2). https://in.tradingview.com/x/Ee1mcrdL/ .382(1235), ...