2026/08/26 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
For day trading, it’s fair to see this as a bearish shift.
From here, I’d like to wait for a retracement and sell.
On the 4-hour chart (H4), the market is still in an uptrend, so for now the plan is to target the 4-hour chart (H4) key level.
Review
There was no big retracement, so it played out as Scenario C.
After the first drop, price came back up to the blue circle, which marks the retracement low, and I went short at circle 1 once the momentum faded.
I took profit when the target was reached and a bullish candle appeared. 15 pips
Shorting from the blue circle was also an option, but the risk-reward isn’t very good there.
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.
