GBP JPY Weekly chart (roadmap)
1) I have been looking for a reversal since May 2010 (yellow circle). It had put a 3 drives and hit a 78.6 and the leg was not as impulsive as previous legs.
2) Will it rally to complete an AB CD to match the previous up yellow leg into a 38.2 / Resistance ?
3) Nice Bat also.
4) Image at: http://charts.dacharts.net/2011-02-13/PipMagnet.png