GBPJPY currency pair recently reversed up from the pivotal support level 149.000 (which has been steadily reversing the price from the end of March, as can be seen from the daily GBPJPY chart below) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 149.000 stopped the earlier medium-term corrective wave (2). Given the strength of the support level 149.000 and the improved sterling sentiment, GBPJPY currency pair can be expected to rise further toward the next resistance level 152.300 (top of the earlier impulse wave (1))
