2026/04/14 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

The bigger picture is bullish, but in the near term the price is turning down (making lower highs).
I’m looking to buy in the price zone enclosed by the blue lines, so I’m picturing a bounce from around the lower blue line at 214.6.
However, if I wait for price to drop that far and then bounce, today might end up being a no trade day, so I’m considering a short-term scenario aiming to sell.

The strategy is to catch the decline that forms a pullback on the 4-hour level.
That said, I think there’s also a chance price rises from the current price zone.

Review

Price rose.
After the rise, I went long on the higher lows that formed following the S/R flip bounce at Line A.

This area is near the recent high, so caution is needed, but given the flow you can buy here.
After entry, price failed to extend and made lower highs, so I exited. 35 pips