2026/08/27 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
The flow is clearly to the downside, so I’d like to aim for selling the rally from an obvious support/resistance (S/R) level.
One thing to watch out for: this is a price zone where price tends to bounce on the 4-hour chart, so if it holds above the C line and starts turning up (making higher lows), it’s safer to get out early.
Review
It was a range.
In the first half, price turned down (making lower highs) near Line A, so I went short at ○1.
It didn’t drop right away and pulled back up, but I hold until it breaks above the blue line just above Line A.
It then dropped, but made a V-shaped reversal from the recent low.
It reversed with no sign of the move stalling, so taking profit right at the extreme is difficult.
I exit a little late. 15pips
After that, wait and see.
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.
