GBP/USD
On D1, the quotations renewed the last high and the long-term level of 61.8% Fibo. The impulse of growth that we see is aimed at 76.0% (1.3660). In such a confident trend, there is a local divergence forming,which might signal a pullback. The nearest goal of the decline may be the local support level at 50.0% Fibo (1.2895).
On H4, there is a pullback beginning after the growth and a divergence on the MACD. The nearest goal of the decline is 23.6% Fibo (1.3192). The next goals of the correctional decline might be 38.2% (1.3012) and 50.0% (1.2868). If the high at 1.3482 is broken away, this will signal the continuation of the uptrend.
EUR/JPY
On H4, the pair is renewing the high and is entering the post-correctional extension area of 138.2-161.8% Fibo (126.38-127.59)for the second time. Also, there is a divergence on the MACD, which may precede a correctional decline. The first goal of the correction will be 23.6% (125.24). The resistance is at 127.07.
On H1, the picture of the decline beginning after a divergence is more detailed. After the first wave reaches 23.6% (125.24), the next wave will aim at 38.2% (124.12), 50.0% (123.21), and 61.8% (122.28) Fibo. A breakaway of 127.07 will mean further growth.