2025/12/08 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
The daily chart is still in an uptrend, but it looks like it may pull back for now.
At the day-trading level, I’m waiting for the right moment to start selling the rally.
That said, every timeframe is ranging, so this isn’t a situation to aim for a lot of room to run.
Review
It played out as Scenario A.
Go long at the pullback marked with the red circle after the price broke the recent high.
You’d like to buy the earlier pullback around 4 pm JST (07:00 UTC), but at that point price hadn’t broken out with a candle body yet and it was the range high, so it’s a hard place to buy.
Price then rises and reaches the target blue line, and taking profit there is fine.
However, the price range is only about 15 pips, and the lows are turning up (making higher lows), so holding is the better choice.
If price drops, you can exit with a small loss, so holding in expectation of a break above isn’t a bad idea either.
If you hold, price moves into an area where no clear horizontal level can be drawn, but take profit once it forms what looks like a double top. 50 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.
