2026/10/14 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
In the near term, I’m waiting for a pullback.
The blue line just above B could become the pullback, but Line A is the top of the 4-hour range and price is near the highs, so caution is needed.
Review
It played out as Scenario B.
This is a long taken after price dropped to around the B line and then started turning up (making higher lows) on the lower timeframes.
You might also consider entering one step earlier, but the risk-reward isn’t good there, so I’d pass on it and aim to enter from ◯1.
Price reached the target, the recent high at 210.2, so I take profit ahead of the data release. 30pips
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.
