Can GbpJpy reach 180? (Long term analysis)

612
For 5 years, between 2016 and 2021, 125 zone provided an impenetrable price for GbpJpy. After a decisive break above 150, the pair has risen to 157. A new range has formed with this high and also this 10 months consolidation has been broken recently to the upside and a continuation to the next important resistance is to be expected.
That being said, corrections to the old resistance should be considered a good opportunity for buying with a target of 180 und negation under 155

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.