Feb 25, 2026 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

Price has broken out above the range, so I’ll wait for a pullback and buy.
There’s basically almost nothing pointing to selling, so I want to buy aggressively, but the daily chart isn’t shaped to keep rising from here, so I’ll need to take profit at a round number.
Around 211.5 might be the target.

Also, around the C zone, I’ll consider either selling or continuing to buy depending on how things develop.
The C line is the range low on the 1-hour chart, so I basically keep a bullish bias until price breaks below C, but in the short term there’s a high chance of a bearish shift before that.

Review

No trade after the scenario was written.
The rally had already started and there was no pullback.

Buying was possible around the red circle before that.