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