2026/03/03 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

On the 4-hour chart, it looks like the lows have firmed up and an uptrend may be starting to take shape.
Right now it’s a range, and since price has been dropping in the short term, I’d like to wait for downside stalling or higher lows before buying.

For now there’s no sell scenario; as long as there’s no break below line C, I’m a buyer.
Since it’s a range, the stance is to buy at a spot with a good risk-reward and then sit tight and wait.

Review

No trade.
Price fell without any retracement.

It’s outside the plan, but you could go short from the red circle.