2025/04/18 GBP/JPY Trade Strategy
The GBP/JPY trade strategy for 2025/04/18 is to wait and see.
Price has been moving up and down, the chart structure has broken down, and it’s hard to build a strategy right now.
In the short term the bias is to buy, and the red line on the chart is a level where we might see some kind of reaction.
That said, I don’t think there’s any need to force a trade in conditions like this.
Zooming out a bit, I think price is moving within the 188.2–189.5 range, so I’ll rebuild the strategy once it breaks out of that range either up or down.
Review
It was a day with no movement, and the spread had widened too, so no trade.
Next Monday is also an Easter holiday, so the market probably won’t move.
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.
