2025/12/15 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
Price has broken below the lower edge of the range that had been holding as support all along.
The setup is becoming one where selling the rally is easier to aim for.
I see price zone C as the candidate for the retracement.
Rushing to sell right now is risky, so I’d like to stay calm and wait for the retracement before selling.
Review
No trade
The level I wrote about in Scenario C is the blue circle, but the price action there didn’t set up a short entry.
The next spot where an entry looked possible was the red circle, after the date rolled over.
There was an opportunity to go after the short-term rally up to the blue circle.
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.
