GBPJPY currency pair today reversed up with the daily Japanese candlesticks pattern Piercing Line from the support zone located between the major support level 149.350 (which has been reversing the price from March, as can be seen from the daily GBPJPY chart below) and the daily lower Bollinger Band. The upward reversal form this support zone stopped the previous ABC correction 2 Given the strength of the aforementioned support zone and the rising sterling bullishness, GBPJPY currency pair can be expected to rise further toward the next resistance level 151.000.