2026/03/19 GBP/JPY Trade Strategy
Today's GBP/JPY call: Wait and see.
It’s hard to tell whether the market wants to go up or down.
I don’t think there’s any need to force a trade here.
No B scenario today.
I’ll consider a trade once price breaks out of the current consolidation in either direction.
Review
It was Scenario C.
The short came after the break below Line C, once price formed what looked like a small double top.
The recent low marked in blue was a level to watch here, so even after entry, I would have needed to exit right away if there were any signs of downside stalling.
In the end, price broke below the target green line around 211.57 in one go.
If price had come back above the green line, I would have taken profit, but since it kept falling, I took profit once it formed higher lows at the next line down. 88 pips
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.
