Trend is finally bullish in GBP/JPY currency pair in 4 hours time frame. Medium term support is present at 180.40 price level. Based on Elliott wave count, I expect a pull back in price which offers a buy trading chance to join an up trend. However; if price just keep moving lower and breaks below 180.40 support level then I will stay out of the market and re analyze the price action of GBP/JPY currency pair.
