Since last week that the GBPJPY is trading in a bearish condition, now that we don’t have important announcements (at least today and tomorrow) I’m going to look for short opportunities:

I’d like to see how it behaves around the ST resistance level, if the GBPJPY forms a significant pattern with downward pressure around the ST resistance

level, I’ll definitely go short.

Trade Safe!

Raul Lopez
Forex Training