2026/09/02 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Price made the low at the red circle first thing in the morning, and it may be heading up for a while.
Zooming out a bit, the 4-hour chart is making lower highs while the lows are being supported by line C, and the line connecting those lower highs is the blue dashed line.
I need to watch out for this dashed line, but basically I want to go in with a bullish bias.
Review
It dropped.
It fell straight down out of the short-term selling range.
After that we move on to the next scenario, but you could go short at the red circle, selling the rally after price reached the original sell target at the blue line.
I think this one is an easy setup to target.
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.
