2026/08/20 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
After yesterday’s drop I have a bearish bias, but right now the short-term picture is bullish.
If you’re trading short term, you could wait for a pullback from here and buy.
As for today’s strategy, I’d like to sell once that short-term rise breaks down.
Review
It was Scenario A.
In the end, the upward flow on the lower timeframes held up and the price rose.
Once the price broke above Line A, I switched to a bullish bias and went long at ○1, the first pullback.
I took profit when the target was reached, but since that price level doesn’t have very strong grounds, I think it would also be fine to hold until the uptrend clearly breaks down. 58 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.
