GBPJPY currency pair under the bullish pressure today – after the price reversed up from the powerful support level 156.000 (former multi-month resistance level which stopped the earlier sharp upward trend at the end of May, as can be seen from the daily GBPJPY chart below). The upward reversal from this support level started the active impulse wave 5. Given the prevailing uptrend and the strong sterling bullishness seen across the currency markets today – GBPJPY currency pair can be expected to rise further toward the next resistance level 158.200 (top of the previous impulse wave 3)