2026/06/26 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

The higher timeframe has formed a double bottom, and it feels like a rise is very likely.
At the day-trading level, the 1-hour chart has also made a bullish shift, so I’d like to wait for a pullback and buy.
I think a bounce like the blue arrow, right around where price is now, is the first candidate.

Since this is a range, even if price breaks below here, I’ll keep my bullish bias down to Line C and wait for a bounce.

Review

It was a range.

I went long at ○1, where price just barely held the pink line near the letter B in the morning scenario and turned higher.
It couldn’t break above Line A, the range high, so I took profit once the momentum faded. 38 pips