GBPJPY Elliott Wave Analysis suggesting more downside

Short term Elliott wave structure from 01/25 peak is suggesting that GBPJPY is moving lower as a possible 5 waves structure.

We can see subdivision of wave 1 also in 5 waves of a lesser degree. Wave ((i)) ended at 142.22, wave ((ii)) ended at 144.17, wave ((iii)) ended at 141.73, wave ((iv)) ended at 142.45, and wave ((v)) of 1 ended at 141.1. The internal of wave 2 rally unfolded as a zigzag Elliott Wave structure. Wave ((a)) ended at 142.63, wave ((b)) ended at 141.7, and wave ((c)) of 2 ended at 143.35. Below from there it ended wave (i) at 141.00 and currently we are calling wave (i) bounce complete at 143.047. As long as it stays below that level but more importantly the pivot at 143.361 stays intact, we expect pair to extend lower but a break above 143.361 can't be ruled out at this stage. We don’t like buying the pair.