2026/06/09 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
Same as yesterday, the bigger trend is down.
Price has already reached a key level once, so I can’t really tell whether it will bounce from here for a while or drop again.
The market context is getting a bit tricky.
Even if I go long, I think it would only run up to around the upper green line, so basically I want to look for sells.
Review
It played out as Scenario A.
Buying momentum had already formed inside the pink zone, so you could buy one step earlier, but following the scenario, I went long on the small pullback after price broke out of the pink zone.
Price blew past the target easily, so I held, then took profit when it formed a double top and started dropping sharply. 60 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.
