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GBP/JPY reached buy target 147.50

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  • GBP/JPY reached buy target 147.50
  • Next buy target - 150.00

GBP/JPY today broke above the powerful resistance level 147.50 (which stopped the previous impulse waves 1 and (i), as can be seen from the daily GBP/JPY chart below). The breakout of the resistance level 147.50 follows the earlier breakout of the resistance levels 145.00 (previous buy target) and the 146.60 (top of the previous waves a and (b)). GBP/JPY is expected to rise to the next buy target at the next resistance level 150.00.

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