2026/10/28 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The situation is similar to yesterday.
Price is basically moving within the range between A and C, and I’m looking to buy within the range.
However, selling pressure comes in around Line A. This is also the same as yesterday.
The sideways movement has lasted longer than yesterday, so if price turns down around Line A, it’s fine to go ahead and sell.
Review
No trade
Under Scenario B, you could buy from the red circle, but since price dipped slightly below the C line I mentioned in the scenario, this one is not counted.
In this case, I wouldn’t short the retracement after the break below the C line.
The retracement is small relative to the recent drop, so we need to watch carefully to see whether the decline continues or price reverses higher.
This article reflects the author's personal view of the market. It does not recommend any specific trade; all investment decisions are your own responsibility.
