2026/08/06 GBP/JPY Trade Strategy
Today's Call
Direction
Buy
Buy target
213
Sell target
211.6
Today's GBP/JPY call: Buy.
We’re still at a point for selling the rally on the 4-hour chart, but price didn’t drop when it should have, so it looks like it may rise for now.
I think buying if price breaks above the range high is fine, but caution is needed since the overall trend is down and there’s also the risk of intervention.
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.
