2026/09/16 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
If we view this as a retracement rally on the daily chart, I think there still seems to be a bit more upside room.
The 4-hour chart has also made a bullish shift.
As long as the current range doesn’t break, I’d like to buy once again.
Review
It was Scenario C.
I went short at ○1, the retracement after price broke Line C, which I had seen as the range low.
The retracement just before that was still too early to call a bearish shift, so I skipped it.
After that, I took profit when the downward moves started to shrink. 42 pips
With a data release coming up, it’s less stressful not to hold a position.
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.
