2026/09/25 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

I had a bullish bias until price broke below the green line near B, but now I lean more toward selling.
I see the market losing momentum at the range high and moving lower.
Looking at the daily chart, I have a feeling it won’t drop cleanly, in which case it’ll just end up ranging.

The main scenario from here is to wait for a retracement and sell.

Review

It was Scenario C.

Short from ○1, where there was a clear S/R flip bounce.
After that, take profit once the price touched the target blue line and stopped falling. 75 pips

It was a straightforward move.

What came after was outside the plan, but selling again from ○2, on the retracement after the price broke below the same blue line, would also have been fine.