2025/12/30 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Not much has changed since yesterday, but compared to yesterday the lows have firmed up, making it easier to buy.
It’s starting to feel like considering a long from around the current price zone would be reasonable.
If we assume price reaches the 4-hour range high, we can probably expect a risk-reward of around 1:2.
Review
No trade
I was looking to buy around the red circle, but there was no turning up (making higher lows) as the scenario had anticipated, and price instead dropped and then moved into a range.
After that it broke below the C line, so you could try a short from around the blue circle, but on the 1-hour chart (H1) it still looks like the low hasn’t been broken, so it’s better to wait a bit longer.
That’s because we’re near the low of the 1-hour chart (H1) range, so there’s a risk of selling right at the bottom.
If you did enter, it would probably have ended in a small profit or a breakeven exit.
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.
