GBPJPY – In a medium term range

The GBPJPY is trading in a medium term range in between 132.28 and 129.85:

I wouldn’t consider taking short opportunities because it is trading in a bullish market condition. My strategy here would be either: wait for a break out and look for long opportunities, or wait for a retracement to the bottom of the range and look for 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 .