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