GBP/JPY broke resistance level 149.40

GBP/JPY broke resistance level 149.40

  • 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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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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