Bull seems to run a bit short. Still a possibility that we are in a downtrend channel. Looking for the third lower low for entry.
Looks like GBPJPY is doing the last leg of the C wave dropping down to 134 or below. After that a long way up possible in the 150s.
Looks like a text book harmonic pattern. Expecting a rebound around 8.00.
Considering the current bullish move from Gold, this looks plausible.
Good profit-risk ration if things work out.