2026/05/13 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

The daily chart is a sell, the 4-hour is a sell, and the 1-hour is unclear.
Overall, I see it as leaning toward selling, so I want to wait for a selling opportunity.

Right now, it’s a buy on the 15-minute chart (M15) level.
Strictly speaking, with a short-term bias this would be a spot to start buying near line C, but given the higher timeframe looks like a sell, I’d like to aim for the side that’s more likely to run.

Since M15 is a buy, selling with Scenario B would be short-term countertrend trading.
If that feels difficult, I think it’s fine to get in after price breaks below C.
If you’re buying, it’s also fine to wait until price breaks above A.

Review

It was a range.

Under Scenario B, short from circle ①, the rally high of a small wave on the 5-minute chart (M5).
This formed lower highs on the 15-minute chart (M15), and it’s a spot where you can sell, treating it as a sign that the direction is aligning with the higher timeframe environment.
Take profit where the price failed to break the recent low and stopped falling. 40 pips

If you want to sell after the bearish shift on the 15-minute chart (M15), circle ② works too.