GBPJPY currency pair recently reversed up from the support zone lying between the strong support level 149.250 (which has been reversing the pair from the end of March) and the lower daily Bollinger Band. The upward reversal from this support area started the active minor impulse wave 5. Given the predominantly bullish daily trend and the moderately bullish sterling sentiment seen across the FX markets today – GBPJPY currency pair can be expected to rise further toward the next resistance level 152.000 (top of the previous correction (b) from the middle of April)