Bearish wave has lost momentum
Updated
I am expecting bullish breakout on GBPJPY. It seems to me that bearish wave has lost momentum and forming a bearish flag against the bullish impulse. In case price break down the recent lows then it will invalidate the idea.
Note
Bullish momentum is not strong enough break down is possible sell on sharp break Note
We approaching to the ideal sell place Note
So far price is moving according to my prediction. I am expecting ABCDE triangle. once price hit my D wave then i will look for E wave. In case price breaks up then i will look for Flat ABC. Here is the update. 
Note
Note
I am still bearish on this pair.
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