2025/12/02 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
This is a pullback on the daily and 4-hour charts, and it’s also a sell-the-rally point on the 1-hour chart.
As long as price doesn’t break above Line A, I’ll keep a bearish bias and sell once momentum fades.
If it breaks above Line A, I’ll treat it as a move higher for now and switch to looking for longs.
Review
It played out as Scenario A.
Went long on the pullback at ◯1 after the break of Line A.
Took profit when the target was reached.
This isn’t a spot to hold, so taking profit is a no-brainer. 30 pips
Price then came back to Line A once more, so you could go long again at ◯2 using the same logic.
Took profit where it formed a double top at the same target line and started turning down (making lower highs). 25 pips
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.
