Technical analysis

GBPJPY Wave Analysis 15 February, 2021

GBPJPY Wave Analysis 15 February, 2021

• GBPJPY broke key resistance level 145.00

• Likely to reach resistance level 148.00

GBPJPY continues to rise inside the accelerated minor impulse wave (v) which previously broke through the key resistance level 145.00 (former monthly high from February of 2020).

The active impulse wave (v) begins to the impulse wave 3 of the intermediate upward impulse sequence (C) from the middle of September.

GBPJPY can be expected to rise further toward the next resistance level 148.00 (former multi-month high from December of 2019).

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