GBPJPY: technically analysis step by step

Traders,

GBPJPY now is on wave ABC to 150.5 to retest the blue trendline .
It could probably go higher to retest the light blue trendline later if a corretive wave wont make a new low later.
Our last view to short GJ for 700 pips now looks a little too early.
GBPJPY has its corrective job to do .
Less is more!

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we had GBPJPY hit the first blue trendline .
This is not a signal to short GBPJPY.
To long it , better wait for a better entry with smaller stop loss.

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The pressure of the trenline is still valid.