NOTE! The GBP/JPY is clear bearish] trend. But there is a possiblity for a retracement to the .382 level because the following reasons.
1. pattern is formed and closed on the weekly chart.
2. The . level of the A-B leg is at the extension of the blue A-B leg.
3. Red falls exactly on the same level as the 2 set points.
NOTE: This trade can only be avaible if the previous resistance is broken.