GBPJPY

GBPJPY seems to be in the last wave up.
This week opening low could very well be a wave 4.

So for the moment 191.3 is the low in place, if this price holds then we have to look carefully to see what happens on retest of the 4 hr trend channel at 194.5.

If price re-enters the channel, then we can enter an small long looking for final top.
An alternative, could be a failure at 194.5, which could be a good selling opportunity.

There are two big events for USDJPY that could affect GBPJPY: NFP and FOMC