2026/05/28 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

Not much has changed since yesterday.
I think the flow is for price to drop to the 4-hour key level for now.
If you went short at some point yesterday, just hold it.

The best entry point was a short from around Line A just before midnight JST (15:00 UTC).
From here it’s a matter of waiting for another pullback, but I don’t think price will come back all the way to Line A, so I’ll wait around this morning’s high near the letter B as a guide.

Review

It went down.

The move I expected in the morning scenario didn’t happen.
The only trade to take that day was the one at the red circle.
Selling the rally on the 15-minute level, then take profit where the price stopped falling before reaching the recent low.
About 20 pips, I’d say.