3004 P7/8 GBPJPY should a bottom buy inside a channel

GBPJPY has made a third time touch on the bottom support level. This made its start its 3rd wave up again.
We should be more cautious on a buy order because price could drop down again by reach the red resistance zone where the broken blue trend line is still signaling a short trade idea.

Pirce breaking through the red resistance zone could make it back to 149 again.

LESS IS MORE!