Dec 9, 2025 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

Price has risen quite far and has more or less reached the recent high on the monthly chart.
With caution around the highs, a range could continue for several days or more, but my bias is to buy.

For now every timeframe is in an uptrend, so I want to buy, but it’s hard to buy right away.
If price drops a bit more from here and forms a range on the 15-minute level, I’d like to look for a buy from the range low.
I see the range low as the round number near the C line.

If price breaks higher without forming a pullback, I’ll rethink the strategy.

Review

It played out as Scenario A.

Price broke through Line A and rallied, and the opportunity came when it dipped to form a pullback on the 1-hour level.
Go long at the red circle, where signs appear that the short-term decline is stopping.

Since an uptrend is forming, hold on the assumption that price will break above the recent high, and take profit where the move stalls at the next blue line up. 60 pips