Chris Capre’s current active open trades: EURUSD, EURCHF, EURGBP, BIR, PLUS, TLS
NOTE: Has the summer trading price action had an impact upon your trading? Check out my latest article on Trading In The Summer.
GBPJPY – Likely Headed Towards Long Term Resistance (4h chart)
GBPJPY has been one of the more tricky instruments this year, but lately, the price action context has started to build in a more directional manner.
The pair recently established a MT corrective structure after putting in a double bottom around 143.75, which was followed by a pre-breakout structure and breakout at a minor resistance level.
The major resistance zone between 147-148, which has been well respected in the past, should be of interest to …... Keep reading