2025/12/22 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The pair had been ranging since the morning, but it has now broken out to the upside.
From here, all I need to do is wait for a pullback and buy.
My first choice is to buy once it pulls back to around line A, but momentum is strong, so the pullback may be shallow.
Review
It played out as Scenario A.
Price rose without much of a pullback.
With every timeframe pointing to buys, and this being a pullback after a range breakout, I’d treat it as a situation where the only way is up and simply buy from circle ①.
Price forms one wave before rising, so the stop loss gets moved to breakeven, but I think it would get hit by a brief sharp drop. 0 pips
It drops in one go within a single 1-minute candle, so depending on slippage, it might end up as a small loss.
If you didn’t move the stop loss to breakeven, you wouldn’t get stopped out, so you could exit with a profit on the rebound that followed.
After that, if you want another shot, you can go long from circle ②.
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.
