2025/11/27 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

Still looking to buy.
From here the stop-loss level would be far away, so I’ll look for confirmation on the lower timeframes and wait for a timing with a good risk-reward.

Scenario A

If price breaks out to the upside, wait for a pullback and buy.
Target is 207.5–208
There’s no notable resistance zone above the current price zone.

Scenario B

There’s been a bullish shift in the short term, so it’s a situation where buying for now could be fine.
As long as price doesn’t break below the C line, I’ll keep buying.
Target is the same as Scenario A

Scenario C

If price breaks below the C line, I’ll expect a drop that forms a pullback on the 4-hour level.
For day trading, I think selling is fine.
Target is 206.1–2

Review

No trade

Price briefly breaks below the C line, but it bounces without breaking the recent low, so it’s wait and see.
After that, there’s nothing to do.