2026/09/24 GBP/JPY Trade Strategy
Today's GBP/JPY call: Sell.
The flow is to the downside, but the 4-hour chart (H4) is in an ambiguous spot, so this isn’t a situation to start selling right away.
I think it’s fine to wait for a retracement before getting in.
Review
It was a range.
Price formed a clear double bottom near the C line and moved higher, so the bias switched to buying.
However, on the 1-hour chart (H1), this price zone could still be seen as being near the retracement high, so buyers and sellers ended up clashing here.
Hoping the upward move would continue, you could buy twice, but price couldn’t break above the blue line, so it ended as a range.
That’s about 30 pips across the two positions.
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.
