Technical analysis
GBPJPY Wave Analysis – 27 January, 2022
January 27, 2022 @ 19:43 +03:00
![GBPJPY Wave Analysis – 27 January, 2022 GBPJPY Wave Analysis – 27 January, 2022](https://fxpro.news/wp-content/uploads/2020/02/pound-sterling-money-coins-notes.jpg)
• GBPJPY reversed from support level 153.00
• Likely to rise to resistance level 155.00
GBPJPY currency pair recently reversed up from the key support level 153.00 standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December.
The upward reversal from the support level 153.00 stopped he previous short-term correction (b).
GBPJPY currency pair can be expected to rise further toward the next resistance level 155.00 (former minor support from the end of December).
![](https://fxpro.news/wp-content/uploads/2022/01/gbpjpy-primary-analysis-jan-27-1816-pm-1-day-1-1024x479.png)