GBPJPY - consolidation above support area

GBPJPY shows that price has set a new high and broke very important resistance at 146.00. We can see strong growth impulse that points to strong advantage of bears.

Currently price is moving towards previous high and resistance at the psychological level of 148.00. Breaking it will open the way for further appreciation. Decrease below the support level of 146.00 may result in a stronger correction. It is worth looking at chart with a lower interval.