Oct 20, 2026 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Price has gotten quite close to a key level on the daily chart.
I think there’s a good chance of one more leg up, but it seems wise to go in while keeping in mind that it could start losing momentum around here and move lower.
Review
It was Scenario B.
Go long on the turn up after confirming that the range low was holding firm.
The take-profit timing would be around the blue circle in the early morning hours.
However, it’s hard to keep watching the chart until that time, so I think it’s fine to close out somewhere after the target at the red circle is reached. 50 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.
