2026/10/01 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
The pair had been rising since the morning, so I was waiting and seeing, but it’s now coming down into the price zone I’m watching.
From here, I’d like to look for a pullback to buy.
On the short-term chart, there was a chance to go short around 5 pm JST (08:00 UTC), so quickly catching the drop down to the pullback would also have been a valid strategy.
Since the short-term flow is to the downside, from here I’ll wait patiently for the downside stalling before aiming for a long.
Review
No trade
The short-term downtrend didn’t change, and the price never stopped falling.
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.
