GBPJPY - Watching the end of the running flat.

The bounce from purple circle from my last post took price up to 158.

Nevertheless, recent price action suggests that we´re looking at a running flat, and only now wave 4 (blue) could be ending.

The black trendline is acting as support, and I expect a new upside movement, but we need to see a solid move away from the trendline first.