GBPJPY Wave Analysis – 14 December, 2021

• GBPJPY reversed from support level 149.00

• Likely to rise to resistance level 151.00

GBPJPY currency pair recently reversed up from the key support level 149.00 (which stopped all downward corrections from March) – strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 149.00 stopped the earlier downward corrective wave 2.

GBPJPY can be expected to rise further in the active minor impulse wave 3 toward the next resistance level 151.00 (previous minor reversal high from the start of this month).