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

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 .