2026/10/02 GBP/JPY Trade Strategy
Today's Call
Direction
Sell
Buy target
209.7
Sell target
207.3
Today's GBP/JPY call: Sell.
In the near term, I have a bearish bias until price breaks above Line A.
That said, I’m not sure I actually want to sell right now, as it looks like it might break to the upside.
If I do sell, I’ll wait until the setup becomes a bit clearer.
Review
It was Scenario B.
Early on it looked like price might break higher, but it repeatedly lost momentum just below Line A. After it broke the recent low on the 5-minute chart (M5) once, I went short from ○1 on the retracement.
I closed out ahead of the NFP (nonfarm payrolls) release. 45 pips
Estimated pips for this day
+45.0 PIPS
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.
