GBPJPY is a daily long correction with higher highs and higher lows. This pair is in a weekly downtrend. But we will expect a higher degree correction to at least 148.65 to the last significant high at 148.00.
We try to take a long position when it shows us a clear trend changing structure in a lower time frame. We hope this will give you a sense of market direction.
Trade with care and always use a tested strategy before taking any trades.
Cheers
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Update: We will readjust the view of first lower GBPJPY to around 134.00 the higher again