Aug 3, 2026 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
The month-end intervention has turned the flow completely bearish.
For the time being, I’ll only be considering sells, but volatility has also become quite large, so caution is needed.
On the 5-minute chart (M5), there has been a bullish shift, so buying as a short-term trade is possible, but in this scenario I’m describing a sell setup after that rise stalls.
Review
It played out as Scenario B.
The 5-minute chart (M5) had been in an uptrend all day, but that uptrend finally broke down in the evening.
I went short at ○1, the first retracement after that.
I thought it might reach the recent low, but signs of higher lows started to appear, so I exited. 70 pips
With volatility this high, you can catch plenty of 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.
