2026/09/30 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
It’s still a range, but it feels like the flow may have turned to the buy side.
I’m looking for longs with two scenarios in mind: either it rises a bit more from here and then forms a pullback, or it forms a pullback within the range first and then rises.
Review
It was Scenario A.
This was a long from an S/R flip bounce off the recent high.
It was clear-cut and easy to enter.
I took profit when price reached the blue line just before the date changed at midnight JST (15:00 UTC) (48pips), but there’s no particular reason to take profit there.
It only makes sense if you’re assuming you’ll close out within the day because the month is changing.
Normally, unless it’s a very significant key level, I wait for price turning down (making lower highs) or a bearish shift before taking profit, so in this case I would carry overnight into the next day.
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.
