2026/04/08 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
It’s been rising since first thing this morning. I’m keeping my bullish bias, but it’s hard to jump in right away.
I’d like to time a buy if it pulls back to around the C line, but if it drops to C from here, it’ll start forming lower highs, so I’ll wait for a clear reversal before looking to buy.
If it breaks below the C line, I’ll consider selling, but in practice I expect it to be hard to sell until it breaks below 212.
Review
It played out as Scenario B.
I went long on the pullback after the bounce off Line C.
Took profit when the price reached the 213 target. 60pips
It went by the book, so there’s not much else to say.
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.
