In my 4 hour time frame I see GBP/USD consolidate since August 24. Last week it broke 2.0234 which I interprete as a sign that it will keep going south in the next swing. It is possible that it will continue to 1.9900 level. However since the price momentum showing an oversold situation, a retracement might occur.

I get my confirmation about the retracement from the shorter time frame (1 hour chart). It shows a high possibility that the price will retrace to 2.0229. I suggest to wait until Europe opening. If GBP/USD breaks 2.0110, the retracement confirmed. If it breaks 2.0050(latest support), then I expect it will go south till at least 1.9900 level.

GBP/JPY, from my 4 hour chart I see that it is still continue it’s consolidation period which has started since August 27.The price momentum showing an oversold situation and a sign that the price tends to go north.

I suggest to watch the shorter time frame. 1 hour chart will help us determining trade direction for shorter period (intraday).If it breaks 231.90 level, it sign a high possibility that price will go north and trying to reach 234.00 level.

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