1/GBPJPY: strange the pound looks to head north

1/GBPJPY

many pound crosses suggest a bull market in gbp.

our feeling is that 1/gnpjpy will go very down then visible here.

may be it will be supported be a downtrend in jpyusd ..?! not sure yet.

suggestion : (conditional) long on gbpjpy.

הערה:

why the circles on the chart ..?!

we believe that the wave-structures in those circles are the same.