450 more pips to go on the GBPJPY

Have you been trading any of the JPY crosses lately?

I have, on the short side. Most of them are trading in a bearish condition.

There is always the fear of a possible BOJ intervention, but let me tell you something, I think the USDJPY is a few hundred pips away from “the intervention levels” around 76.09, so we’ve got some room left.

Back to the GBPJPY, here is the daily chart:

So for now, I’ll be looking for short opportunities on the GBPJPY.

Do you trade this cross? Let me know.

Cheers,
Raul

forex, 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 .