GBPJPY Wave Analysis – 19 April, 2022

• GBPJPY broke resistance level 164.35
• Likely to rise to resistance level 168.00

GBPJPY is under the bullish pressure after the price broke above the key resistance level 164.35 (which stopped wave 3 at the end of March).

The breakout of the resistance level 164.35 accelerated the active impulse waves 5 and (C).

GBPJPY can be expected to rise further toward the next resistance level 168.00 (target price for the completion of the active impulse wave (iii)).