GBPJPY is on our list to sell on this Friday for those reasons: 1. Small wave 1 (red arrow) is considered as valid as price did not hit its fibo 618 2. the nearest 1h support is fibo 382 posiition which is very close now. We might take that as the end of smal ABC wave. 3. Based on 2, we should take end of the small correction as a selling opportunity. (Blue ABC), TP is fibo 618.
Good luck on waiting your entry signal. LESS IS MORE!