GBPJPY – Longs, longs, longs

This is what I have on my daily chart:

It is obviously on a bullish market condition and long opportunities are in play. There are two things that I like about this chart:

  • There are around 400 pips of room before the GBPJPY hits the next LT resistance level, giving us opportunity to have a good Risk-Reward ratio on our trade.
  • We’ll be in the direction of a possible intervention of the BOJ.

So, I’ll keep looking for more long opportunities.

Trade Safe!

Raul Lopez
Forex Training

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 .