2026/06/25 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
I have a bearish bias until price breaks above Line A. If it starts turning down (making lower highs) from here, I’d like to sell, but there are signs of higher lows, so it might rise.
On the 4-hour chart (H4), price is near the lows, so it’s conceivable that it forms a double bottom here and rises for a while.
From that perspective, the scenario is to switch to buying if price breaks above A.
Review
It was Scenario A.
Treating the yellow marker drawn above Line A as the recent high price zone, I go long from ○1, where that zone acts as support/resistance (S/R).
Going long from ○2 after that also works. This is a pullback you can see on the 1-hour level.
Take profit around where price went slightly above the 213.4 target and started to look like a double top.
The price marked by the blue line is the 1-hour rally high, so if price doesn’t break through it cleanly, it’s a good place to close out. 30 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.
