2026/09/28 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

For now I have a bearish bias. Price has been turning up (making higher lows) in the short term, so I’d like to look for the point where that move stalls and it starts turning down (making lower highs).
The price zone is also a good spot to aim for a short, but I need to be careful: the 4-hour chart (H4) rally since this morning has been strong, and on the daily chart, if price rises from around here, it starts to look like a higher-low double bottom.

Review

It was Scenario B.

The short was from ○1, where price started turning down (making lower highs) after the upward move stalled.
If you missed it, shorting from ○2 is also fine, but that one requires pretty quick reflexes.

After that, take profit once the move stalled on reaching the 208 target. 90 pips