GBP/JPY analysis, trading idea, and chart

The general trend is ascending. The descending pattern ended with the breach of pivot 2. The Awesome Oscillator indicator shows a bullish divergence. A breach of 167.00 will give the formation of an ascending wave structure.

Trading idea:

Buy on a breach of 167.00.

Stop Loss: 165.00.

Target levels: 168.90; 171.00.