GBPJPY currency pair recently broke through the resistance area made out of resistance level 146.000 and the resistance trendline of the sharp daily up channel from December – which accelerated the active impulse waves (iii), (v) and 3. These impulse waves belong to the higher order upward impulse sequence (C) from last year. Given the clear daily uptrend and the predominantly bearish sentiment affecting yen dollar today – GBPJPY currency pair is likely to rise further toward the next resistance level 148.000 (target price for the completion of the active impulse wave 3).