looks very interesting, for now I count it as an ABC
corrective pattern. This would mean that a bearish
break is about to happen. If however we see a bullish
break I will most likely count this structure as an 1-2-3 pattern and wait for the wave 4 consolidation before buying GBPJPY
and wave 5 continuation. Hence we need to wait for the confirmation but a trade opportunity will present itself very soon.