2025/11/26 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

I’m leaning toward buying, but this looks like a tricky spot.
Same as yesterday, if the move up fails, it’s an environment where I can go short.

Scenario A

The plan is basically to buy if price breaks above, but we’re still near the highs on the daily chart, and also near the recent highs on the monthly chart, so it’s pretty tough.
Target is around 206.5–206.7

Scenario B

The current price is right at a round number, and looking closely it’s also the 15-minute pullback low, so a move up from here is possible.
I see the bottom of the range as the C line below, so if price holds firm around here, I’ll buy.
Target is around 206–206.2

That said, there should be selling coming in at the price zone marked with the blue circle.
If the rise stalls around there, I’ll exit, and if it keeps turning down (making lower highs), going short is also an option.

Scenario C

Looking to short on a break below the range.
Target is around 204.7–204.8

Review

No trade

The area around the red circle is a good place to set a buy order for people who can’t watch the chart during the day, but for day trading it’s a spot where you’d wait a bit longer, so I think it’s a little tricky.