GBPJPY is clearly bullish and may still be for a little while, as we see current price activity as part of red wave v). Ideally correction in red wave iv) had already ended, which means one more push higher can come in play. Hopefully we will see red wave v) extend towards the 148.08 region, where Fibonacci measurement of 100.0 would equal the first and current fifth wave. From there a new three wave pullback can come in play.
GBPJPY, 1H
