2026/10/12 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
If I had to say up or down, it feels like it’s probably going up, but since it’s a range, be careful not to buy at the top or sell at the bottom.
If price breaks out of this price zone, I think it’ll move up toward the key level on the daily chart, so if you’re buying, it’s probably fine to wait until that move actually happens.
Review
It played out as Scenario A.
This was a long from pullback ◯1 after price broke above the price zone that had been capping it the whole time.
The entry was made while keeping a bit of an eye on the previous day’s high of 209.7.
After that, I exited once the highs started turning down (making lower highs). 27 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.
