GBPJPY is on a strong pull back towards the 126.800 Support with even the 1W chart strongly bearish (RSI = 31.857, MACD = -0.910, ADX = 34.619). However based on the 2007 - 2012 Bear Cycle, it appears that we are approaching the end of the current (2015 - 2020) Bear Cycle. MACD is also repeating that bottom sequence.
This is for us the most optimal long term Buy Opportunity and we are long again with 159.500 - 168.200 as our Target Zone.