2026/09/15 GBP/JPY Trade Strategy

Today's GBP/JPY call: Buy.

For now I’m looking to buy, but the price is forming a double top at the 4-hour range high.
From here, the market will start to have selling in mind too.

If it breaks down from here, I’ll look for a short-term short.
If it breaks out to the upside, I’ll buy.
Whether I buy on Scenario B depends on how things develop from here.

Review

It played out as Scenario B.

Long from ○1, where price bounced off the bottom of the short-term range.
The idea was to exit right away if price broke below the red zone.

I think a long from ○2 would also have been fine.

Price then rose but fell short of the target and started losing momentum.
Take profit once the short-term uptrend broke down. 45 pips