2026/09/01 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
As of now, I have a bearish bias.
However, yesterday the price rose after being held up by support on the 4-hour chart (H4).
It’s now near the target of that short-term rise, but since the lows are turning up (making higher lows), it might break to the upside.
If it breaks to the upside, I’ll switch to a bullish bias.
On the 4-hour chart (H4),
Review
It was a range.
Price broke above Line A while making higher lows, so I went long at ○1, where it became an S/R flip bounce.
It came back down without really making new highs, so I exited. 12 pips
If you take it easy here, it’ll drop all the way back to breakeven.
The spot where this rally stalled was right at the lower-highs trend line on the 4-hour chart (H4) drawn from last week, so taking the overall turning-down (lower highs) tendency into account as well, a quick exit was possible.
After that, a short from the blue ○ looks fine.
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.
