GBP/JPY H1 & H4 Update

So far ABC Flat Correction Has been found.
On H4 TF it might look as a little bigger leg W. Detailed count on H1. Nevertheless, it is in corrective mode and I GUESS a Double Three here.
Much more better entry for long position with attractive  R/R ratio is where the previous wave (iv) area is so right now I'm waiting patiently.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h4-update_28.html