2026/07/27 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
It’s a range, so I’m waiting for price to reach the range low before looking for a long.
There’s nothing to do right now, so I’ll stay calm and wait for the right timing.
Review
It was Scenario C.
It’s debatable whether price actually broke the C line, but this was the retracement after breaking 218, which had been acting as support the whole time, and the shape made it very easy to enter, so it was an easy spot to take.
That said, it’s also a place where you need to be ready to exit right away if price stalls at the C line.
The take profit is at the point where it starts making higher lows, but since that comes just as the day rolls over, taking profit just before that is fine too. 40 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.
