GBPJPY currency pair under the strong bullish pressure after the earlier breakout of the key resistance level 150.000 (which has been repeatedly reversing the price from last October) . The breakout of the resistance level 150.000 accelerated the active impulse waves 3 and (C).
Given the continuation of the strong yen outflows send across the currency markets this week – GBPJPY currency pair can be expected to rise further toward the next resistance level 161.000 (target for the completion of the active impulse wave 3).
