2026/05/12 GBP/JPY Trade Strategy
Today's Call
Direction
Buy
Buy target
214.9
Sell target
213
Today's GBP/JPY call: Buy.
Price has risen up to the 4-hour key level.
The question now is whether it breaks through here.
If it breaks below the current range, we could see lower highs leading into a bearish shift.
Based on the shape of the daily chart, if it doesn’t break through here, I can picture it stalling for a bit before dropping, so the range might continue for a while.
Review
No trade
The chart structure broke down, possibly due to FX intervention, so I just waited and saw and ended the day there.
Estimated pips for this day
0 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.
