• 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)).
Source: Fxpro
