2025/09/12 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

There was some up-and-down movement around the data release, but the overall picture hasn’t changed much.
It’s still a ranging market.

Scenario A
Right now it looks like price is stalling at the 200 round number.
If it breaks higher, I’ll look for buying the dip, but since we’re near the highs, be careful not to buy the top only to see it reverse lower.
I recommend waiting for a proper pullback before entering.
Target: 200.5

Scenario B
Line B is likely to act as support and may become the key level between upside and downside.
If price bounces up again from around Line B, I’d like to buy.
Target: around the recent high of 200.3

Scenario C
If price breaks below Line B and starts turning down (making lower highs), I’ll consider a scenario where it loses momentum and falls.
In that case, I think it will head toward the 1-hour low.
Target: 199.5

Review

No trade.

I was considering the possibility of the C’ scenario, but the price rose without turning down (making lower highs).
I had expected a move like the red arrow, but in the end the price rose without breaking the low.