Since the beginning of 2023, GbpJpy has traded in a 500 pips range, between 156 and 161.
At this moment the pair is back to the upper boundary of this range and a break up seems imminent.
The pair is strongly bullish as long as the price stays above 160 in terms of daily closing and bulls could target the next resistance zone at 165
At this moment the pair is back to the upper boundary of this range and a break up seems imminent.
The pair is strongly bullish as long as the price stays above 160 in terms of daily closing and bulls could target the next resistance zone at 165
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