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:

GBPJPY
GBPJPY

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


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .