2026/07/13 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
The 1-hour chart (H1) flow is down, and the 15-minute chart is near its rally high, so if price starts turning down (making lower highs) from here, I’d like to sell.
However, the current price is near the 4-hour chart (H4) pullback low, a price zone where support is likely.
I also need to keep in mind a scenario where price bounces from here and rises.
If it breaks to the upside, I’ll switch to buying.
Review
It was Scenario A.
Price moved up for the time being. I went long at the pullback ○1 after the break of Line A.
After the rise it got pushed back down once, but then I took profit when it formed a double top. 50 pips
If you had placed a limit at the 217.3 target, you would have taken profit at the top of the first rise.
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.
