2026/08/11 GBP/JPY Trade Strategy
Today's Call
Direction
Buy
Buy target
216.9
Sell target
214.5
Today's GBP/JPY call: Buy.
The pair rallied strongly yesterday, but my bias remains to the buy side.
That said, the upside room is getting limited.
Before any further rise from here, the market could form a pullback first, in which case I’d be looking for shorts as a day trade.
Review
It was a range.
Long from ○1, where price made higher lows near the B line.
Take profit (or exit?) as price got stopped at the range high and came back down. 16 pips
Since it’s the summer holiday period, a range was to be expected and the range width isn’t wide either, so there’s no need to force trades.
Estimated pips for this day
+16.0 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.
