The wave structure of the downtrend in GBPJPY
The formation of the subwave {3} in wave "c" is coming to an end. After finishing the correction in wave {4} I plan to add deals. Since the wave {2} formed a triangle, then in the wave {4} I expect a zigzag.
As an alternative (on the chart marked in white) I consider the variant of the fact that only the wave "a" is being formed so far and after the return to 137.6 in wave "b" the decline may continue.
As an alternative (on the chart marked in white) I consider the variant of the fact that only the wave "a" is being formed so far and after the return to 137.6 in wave "b" the decline may continue.