2026/07/07 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Buying is the only option here, but price is rising without any pullback, so I’m waiting for a pullback.
For now, my guide is the blue line at B, but the reasoning behind it is weak.
It also feels a bit shallow relative to the recent rally.
I’ll wait and see for a while.
Review
It was a range.
I went long from ○1, aiming for Scenario B.
However, in the short term it looked like there might be a bearish shift, and the price marked with the blue marker was a clear resistance zone, so I bought with the mindset of exiting right away if it didn’t rise.
Then the rise stalled at the resistance zone, so I simply exited. 12 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.
