E GBPJPY Can Face Resistance Near 149.00

GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as an ongoing five-wave move within wave C.

As such, there is room for 149.00 where three wave corrective recovery from August low can come to an end. From there a new three-wave minimum reversal can follow.

GBPJPY, 4h