GBPJPY: Bullish market condition, Long trades in play
Last Wednesday I wrote about the GBPJPY, we were waiting for the pound-yen to break the short term range, and guess what?… it just broke that range:

The GBPJPY broke the short term resistance level setting us up for a bullish market condition.
Here is my plan:
As long as the GBPJPY trades above 144.12 I will be looking for long trade opportunities. My next LT resistance level is at 146.65
All short trade opportunities will be ignored.
Trade Safe!
Raul Lopez
Forex Crosses, GBPJPY, GBPJPY analysis