2026/08/18 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
This morning the pair made a clear bullish shift, formed a pullback, and is now rising.
If you want to trade it from here, you have two options: buy once price comes back into the range, or wait for a pullback after it breaks out to the upside.
If it drops, I’ll treat it as having entered a range on the 4-hour level.
Review
It was a range.
I went long where price was turning up (making higher lows) at the 15-minute pullback low.
However, there was no upward momentum, so I exited when a long bearish candle appeared.
Since it was late at night, you could also just move the stop to breakeven and leave it. In that case, it would have ended in a breakeven exit around dawn.
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.
