2026/06/10 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The bias is to buy, but in the near term it’s ranging.
It looks like a situation where you could start buying on the lower timeframes from around the current price.
Since it’s a range, the basic strategy is to buy at the range low or after a break to the upside, but the double-top-like shape on the 4-hour chart calls for a bit of caution.
Review
It was Scenario A.
As I wrote when putting the scenario together, ○1, the pullback after the short-term bullish shift, was a good opportunity.
After that, the next long was from ○2, where price started rising again from the pullback after breaking above Line A.
Unfortunately, it didn’t reach the target and started losing momentum, so the exit was where the 5-minute chart (M5) began turning down (making lower highs).
If you bought from 1, that’s about 50 pips; from 2, about 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.
