2026/03/12 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

The 1-hour chart (H1) is ranging and the 15-minute chart is bearish, so I have a bearish bias in the short term, but I’d like to wait for the decline to stop and then buy.
If you’re aiming for a short-term trade, there’s still room to the downside, so selling is fine too.

Review

No trade

Nothing moved, and it stayed in a range with the short-term bias still to the downside.

If you’re trading short-term, you could sell from the pink line, but there’s not much room to run and the expectancy isn’t high, so it’s a tough call.