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GBP/JPY rising inside minor corrective wave (ii)

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  • GBP/JPY rising inside minor corrective wave (ii)
  • Next buy target - 150.00

 GBP/JPY continues to rise inside the minor corrective wave (ii) which started earlier from the support area lying between the major support level 144.00 (which stopped the sharp downtrend in May) and the lower daily Bollinger Band. The price is currently approaching the resistance level 148.00 (top of wave 2) – the breakout of which is likely to lead to further gains toward 150.00 (top of wave (iv)).

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