2026/03/04 GBP/JPY Trade Strategy
Today's GBP/JPY call: Wait and see.
There’s no clear direction on the higher timeframe, and yesterday’s drop has turned the 1-hour chart (H1) into a range as well.
It’s fine to wait and see until a clearer setup forms.
In the bigger picture, I think selling is the way to go.
Review
It was a range.
Under Scenario C, a short from circle ①.
Price stopped falling at the round number and started rising, so exit there. 29 pips
After that it was outside the plan, but price turned upward, so you could go long from around circle ②.
This one also only rose to around the upper line, so it’s best to exit a little before the bearish candle close.
This one was also about 30 pips.
It was range-bound throughout, so once you’ve taken what you can, it’s best not to get greedy and take profit quickly.
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.
