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Short

GBPJPY wolfwave 4 in progress

FX:GBPJPY   British Pound / Japanese Yen
196 2 4
GBPJPY             needs a rest ...

Wolfwave 4 in progess as suggested by LighthhouseKeeper

Here's the link

GBP rate hike is expected looks like ppl interested in investing in GBP
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BOJ's Kuroda says it's hard to see yen's real effective rate falling further
http://news.forexlive.com/!/bojs-kuroda-says-its-hard-to-see-yens-real-effective-rate-falling-further-20150610

BOJ's Kuroda: Fed rate hike may not weaken yen if already priced in
http://news.forexlive.com/!/bojs-kuroda-fed-rate-hike-may-not-weaken-yen-if-already-priced-in-20150610

For now more demand for JPY

Upcoming US data very important..

If US data good more ppl will buy USD..

Keep an eye on Chinese data as well ....
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