2026/03/09 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The current range is a sell on the 15-minute chart, but on the 1-hour chart it looks like a spot where a pullback could form.
Short term it’s a sell, but if we start to see the price turning up (making higher lows) within the range, I’d like to buy.
Alternatively, buy the pullback after a break to the upside.
If it breaks below C, depending on the shape of the chart, I’ll consider it a bearish shift.
Review
It was Scenario B.
This is a long from ◯1, where price made higher lows and looked like it might start rising.
Take profit on reaching the 211.5 target. 60pips
If you missed that entry, there were about two more chances to get in around ◯2.
After that it pulled back once more, so per Scenario A, another long from ◯3, where the lower timeframe was turning up (making higher lows).
This long assumes a break of the high.
It kept rising without any turning down (making lower highs), so take profit on reaching the next line up, or where it starts to look like a double top in the same price zone around dawn. About 70pips
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.
