Mihai_Iacob

GbpJpy to break range's resistance

Largo
OANDA:GBPJPY   Libra esterlina/Yen japonés
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

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