Price of gbpjpy after dropping 450 pips from oct22 to date is now on a bullish retracement in a bullish channel forming the elliot wave pattern with price having completed wave 1-3 where i anticipate price of gbpjpy to retrace after completing its 3wave and make a 4th wave around 143.930 to 144.123 region where we anticipate to enter a buy trade for 120plus pips with takeprofit at 145.307 and stoploss at 143.515. goodluck and apply 10% risk no more.