GBPJPY currency pair recently broke sharply through support zone lying between the support levels 150.700 (low of the previous impulse wave 1), 151.35 (monthly low from June) and support trendline of the daily up channel from March. The breakout of this support zone accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (C). Given rising bearish sterling sentiment as seen across the FX markets today – GBPJPY currency pair can be expected to fall further toward the next support level 148.650 (low of the minor correction 4 from the end of March).