2025/12/11 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The market is in a range on the 1-hour level.
It’s falling in the short term, so the basic strategy is to wait for downside stalling and buy from around the range low.
That said, I can also picture a move one more leg lower, so if it breaks the range, I’d like to sell.
I think this is a relatively easy-to-read market.
Review
No trade.
It was ranging the whole time, so I felt there was no need to force a trade.
From the Scenario B buy perspective, buying at the red circle where a double bottom formed on the lower timeframe is a possible option, but since it’s countertrend trading, buying at that timing is on the risky side.
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.
