2026/02/13 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The bigger trend is down, but the daily chart looks like it’s showing downside stalling.
The 1-hour chart is in a range, so the plan is either to buy from the bottom of the range or to buy the pullback after a break above.
The 4-hour chart is still heading lower, so this is unlikely to be a trade you can hold for long.
Review
It played out as Scenario B.
I went long on the timing of the rise from around the short-term pullback low.
It didn’t reach the target, so I took profit where the rise stalled without breaking the 1-hour high. 80 pips
The higher timeframe is still heading down, so rather than getting greedy, I exited while I was still in profit.
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.
