2026/05/26 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The daily chart is in a tricky spot, but overall it’s a buy.
Right now it’s a matter of figuring out where the pullback will bottom out.
On the 1-hour timeframe, the current price zone is acting as support/resistance (S/R) and looks like a promising pullback, but on the 4-hour timeframe it’s a bit shallow.
I want to see whether this price zone holds firm.
If it breaks below here, I’ll switch to looking for shorts, with the view that price might drop to the 4-hour key level for now.
Review
It was Scenario B.
In the end, price stayed within the range, but you could go long from circle ①.
The entry is on the higher lows after the turn on the 5-minute chart (M5).
Take profit where the rise stalled near the recent high. 20 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.
