GBPJPY Wave Analysis – 27 January, 2022

• 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).