GBP/JPY broke resistance zone

GBP/JPY broke resistance zone

  • GBP/JPY broke resistance zone
  • Next buy target - 156.00

 GBP/JPY has been rising in the last few trading sessions inside the minor impulse wave 3 – which previously broke through the resistance zone lying at the intersection of the resistance level 152.60 (which stopped multiple upward impulse waves from September) and the upper resistance trendline of the daily up channel from last April. GBP/JPY expected to rise toward the next buy target at the next resistance level 156.00 (target price for the completion of the active impulse wave 3).

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