GBPJPY is going up

Idea is based on a combination of Elliot Wave theory, median line analysis and the use of Bollinger Bands. In addition Identification of support/resistance on the 7 close RSI has been carried out. The rationale behind this technical analysis is shown on the chart along with a specific target and stop loss. A close below this S/L will invalidate this idea. Please bare in mind that the target is not fixed, the longer it takes for the price to rise the higher the target will get. Good luck guys