GBPCHF update and GBPJPY opportunity

My trade on the GBPCHF didn’t work out yesterday, I still think it was a good opportunity, it was trading in a well defined short term range near an important ST resistance level, but the GBPCHF just didn’t want to follow through and I’ll have to reassess it’s analysis.

Anyway, I’m keeping an eye open on the GBPJPY, take a look at its short term charts:

What do you think about the support level? I really like it, I see good upward pressure around 121.40, which is where I usually get my signals.

Are you thinking about going long here? Let me know.

Cheers,

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 .