GBPJPY recently reversed up from the support area lying between the pivotal support level 141.00 (which has been reversing the price from October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the pervious upward impulse wave (C).
The upward reversal from this support area stopped the earlier short-term impulse wave 3.
GBPJPY is likely to rise further toward the next resistance level 143.40 (top of the pervious short-term corrective wave 2).
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