GBP/JPY rising inside intermediate impulse wave (3)

GBP/JPY rising inside intermediate impulse wave (3)

  • GBP/JPY rising inside intermediate impulse wave (3)
  • Next buy target - 154.00

GBP/JPY has been rising in the last few trading sessions inside the intermediate impulse wave (3), which earlier broke through the resistance zone lying between the round resistance level 150.00 (previous buy target) and the resistance trendline of the wide daily up channel from last April. GBP/JPY is expected to rise to the next buy target at the next resistance level 154.00 (target price for the termination of the active intermediate impulse wave (3)).

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