2601 WKP5 GBPJPY could go down for 535 pips

GBPJPY is the most confusing one in all the JPY-related pairs.
It seems that very hard for it to rise up to last top on weekly chart. It closed with a weak warning bearish weekly signal last week.
On this daily chart, it could drop down more after breaking through the blue short-term daily trend line. And the 3rd wave could drop down to next support which is also a support on weekly chart for 535 pips totally.

Good luck!!!
LESS IS MORE!