Is there any room left to trade the JPY crosses? (and currencies I’m trading/watching).

Written by Raul Lopez on . Posted in Trades & Analysis. 21 Comments

yen

Hey trader, hope everything is going well on your end!

Since my last trade in the GBPJPY, I’ve been getting a lot of emails of traders asking me if there is any room left to trade the GBPJPY…

Now, let me tell you something, its not that I traded the GBPJPY because I like it, I traded because there was enough room to take a trade (good amount of pips by the way)… But right now, I dont thing its the right time to trade it again…

Why?

Because its trading near an important level!

But you dont have to worry about it! We are not here to trade only the GBPJPY, the idea is to find the clearest currency pairs to trade right now, the ones that have clear swings, clear levels, etc… And if you look at other JPY crosses, that’s exactly what you are going to find!

Here are a few of them…

Currency pairs I’m trading/watching

CADJPY, is still trading in a bullish condition, and the next LT level is at 106.47, we’ve got plenty of room to plan our trade.

USDJPY, also in a bullish condition, yesterday I took a trade here and I’m still holding it. The next LT level is at 122.56, so again, plenty of room to take this trade.

NZDJPY, same, next LT level is at 97.00… figure out the RRR here. This one has probably the greatest profit potential.

There are also other pairs that I’m trading/watching such as:

AUDNZD, In a very clear bearish condition, next LT level is at 1.0956

GBPCHF, Also in a very clear bearish condition, next LT level is at 1.4991

EURGBP, in a bullish condition, next LT resistance level is at 0.8025

Your turn

Did you take advantage of the previous trade in the GBPJPY?

Are you monitoring other JPY crosses?

What do you think about the pairs I’m currently watching?

Share your thoughts!

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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 .
  • RuwiniW

    How about CHE/JPY? Is it still bullish?

  • Varahala Babu

    hi raul….are you still holding the usd/jpy long trade for a target of 122.56 ?

    • Raul Lopez

      That’s correct!

  • Varahala Babu

    hi raul bro …gbp/cad, gbp/aud, gbp/nzd are bearish ? these pairs have clear suppoet and resistance levels . do you agree from the way you see it

    • Raul Lopez

      GBPNZD is the one I like the most!

      Good luck!

  • Tania

    Hi Raul,
    Was great to read your post on the pairs you are currently monitoring, is good to know I’m watching the same with the clearest LT S&R levels. I’m currently up 83p on the EURGBP, it just missed my TP few hours before closing when I was asleep! and also have a trade on the TRYJPY which is making new highs up 51p will have to trail this stop. Not sure if I should have kept these open over the wk-end due to news?
    Have a great week-end
    Tania

    • Raul Lopez

      I’m happy to hear that Tania! I know that you and Chad have been getting very good results lately! Congrats!

      I’m not that familiar with the TRYJPY… But you should definitely hold your EURGBP trade (did you hold it?).

      What else are you watching this week?

      Good luck Tania!

  • Chad Hogan

    Waqas.
    Dont give up m8. You are probably closer to success than you think. If u dont have the funds keep practicing demo. And if u havent done the coaching sessions with
    Raul do yourself a favour and do it. Think about it.
    chad.

    • Raul Lopez

      Thanks Chad, I appreciate it!

  • tony

    How do you arrive at LT levels?

    • Raul Lopez

      Hello Tony,

      Just before the market reaches the next LT levels… Please read again my eBook, I explain in detail the methodology I use to set my TP order!

      Let me know if you need anything else!

  • Waqas Khan

    i am out from forex because i have no equity anymore i did my best but forex is a very hard job

    • pduarte

      Hei Waqas,

      Don’t give up, keep study and practice even in demo mode.

      And if you have the chance take the course whit Raul, you´l see it’s the best money that you are going to spend. Maybe if you started by that you will be in a diferent situation now. But it’s never too late.

      • Raul Lopez

        Thanks Paulo!

    • Raul Lopez

      Hello Waqas,

      Dont give up my friend! You just need to focus in the stuff that works!

      Maybe go back to your demo, regroup, develop a system that fits your trading style, risk profile, etc.

      Trading successfully is about following and adapting to the market conditions! Trow away all those indicators, Fibos, etc.

      Good luck Waqas!

  • Chad Hogan

    Hi Raul,
    Yes, everything going well so far. Long on AUDPY & NZDJPY. Took a small loss on GBPJPY though, not so good entry! I noticed there is some news over the weekend this week. Do you plan to hold your trades Raul?

    • Raul Lopez

      Congrats Mate, I guess both of them are in green already?

      I stopped trading the GBPJPY because it is near an important level, that’s the reason it hasnt been able to follow the other JPY crosses!

      Have you seen the GBPUSD?

      Yes I do plan to hold my trades if I have more than 80 pips on my favor on all of them!

      What about you?

      Enjoy your weekend and say hello to Tania!

  • Mind Time

    I don’t know about others, but i certainly am a regular follower of your analysis and this blog. I have been trading with OctaFX for last 2 years with following their free expert analysis which is deadly accurate in 80% range, but after i have start following this blog and your amazing analysis things have really got unreal, as there hardly has been a losing trade since 2 months. I deeply want to thank you for this amazing blog and also my broker for maintaining such wonderful service since last 3-4 years.

    • Raul Lopez

      Hello Mind Time, this is your second post and the second one you talk about your broker…

      If you keep doing the same thing I’ll have to block you out! And ban the name of your broker!

      You are welcome to talk about any currency pair, your analysis, my article, etc etc

      Good luck!

  • Varahala Babu

    hi raul…thanks… i`m going to be take advantage of these pairs

    • Raul Lopez

      Hello Varahala!

      Good luck bro! Let me know if I can help you with anything!

      Have a great weekend!

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