I have the GBPJPY on my watch list today

Written by Raul Lopez on . Posted in Trades & Analysis

Last week’s AUDUSD order update: it didn’t get triggered (luckily)
Hope you all had a great weekend!
What do you have on your watch list this week? What currency pairs you are going to be trading this week?

If you asked me, I’d say the GBPJPY is one of the clearest of them all… It’s clear that on the long term charts it is trading in a bearish condition.

Also, on the short term charts, it just broke through an important support level. This is what I’m talking about:

As long as the GBPJPY trades below 127.96 I’d be looking for short opportunities.

What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

email

Tags: ,

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
StraightForex
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube