2026/04/15 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
I didn’t get the scenario out in time, but there was a good buy point just before 10 am JST (01:00 UTC).
That position is now at a point where taking profit would be fine.
The red line just above Line A is a key level, so it’s a good place to close out the position for now.
From here, if price breaks higher, I’ll wait for another pullback to go long.
If it drops, it turns into a range, so if it bounces near the range low, I’ll buy.
If it breaks below Line C, I’ll treat it as a bearish shift for day trading.
Review
It was Scenario B.
The area around Line C is the range low on the 1-hour chart (H1).
You might be tempted to go short at ○1. In that case, you exit when price rises with higher lows.
Line C has been broken, but price hasn’t broken below the recent low, so it’s a tricky situation where it’s hard to judge whether the break is real.
After that, the trade is a long from ○2, where price clearly makes higher lows.
Being at the range low on the 1-hour chart (H1), the risk-reward is good, so you can buy it as higher lows off the range low.
Take profit is where momentum fades near the recent high. 34 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.
