• GBPJPY broke resistance level 153.35
• Likely to rise to resistance level 156.00
GBPJPY recently broke the key resistance level 153.35 (top of the previous short-term impulse wave 1 from the start of April).
The breakout of the resistance level 153.35 accelerate the active short-term impulse wave 3 – of the longer-term impulse sequence (5) from March.
Given the strong daily uptrend – GBPJPY is likely to rise further toward the next resistance level 156.00 (target for the completion of the active impulse wave 3).