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GBP/JPY broke resistance level 149.40

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  • GBP/JPY broke resistance level 149.40
  • Next buy target - 152.00

 GBP/JPY recently broke through the resistance level 149.40 (which stopped the previous A-wave earlier this month). The breakout of the resistance level 149.40 accelerated the active minor impulse wave C which belongs to the intermediate impulse wave (2) from the start of March. GBP/JPY is likely to rise further toward the next buy target at the next resistance level 152.00.

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