The GBP/JPY is trading at recent highs, the momentum is looking very bullish indeed. We're interested buyers of this pair for both technical as well as fundamental reasons, however we feel that some corrective sequence is needed before the buyers will keep pushing towards the 185 handle. With that i mind, we're looking for a 382% correction of the previous bull move, at which point we would like to see some slight consolidation, enabling us to go long with some momentum, and with a tight stop. We're looking for the RSI 55 level not to be broken, and our target will be a completion of an ABCD pattern at around 185.5.