GBPJPY – Longs, longs, longs

This is what I have on my daily chart:

It is obviously on a bullish market condition and long opportunities are in play. There are two things that I like about this chart:

  • There are around 400 pips of room before the GBPJPY hits the next LT resistance level, giving us opportunity to have a good Risk-Reward ratio on our trade.
  • We’ll be in the direction of a possible intervention of the BOJ.

So, I’ll keep looking for more long opportunities.

Trade Safe!

Raul Lopez
Forex Training

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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 .