Oct 21, 2026 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Price has broken through a key level on the daily chart and is rising.
There’s no major resistance ahead from here, so I can picture a move up to the key level on the weekly chart.
In the near term, I want to focus on buying opportunities and look for the right timing.
Review
It played out as Scenario B.
Long from circle ① as price was turning up (making higher lows) right at the B line.
Take profit where it turned down (making lower highs) near the range high. 30pips
With the same bias, you could go long again from circle ②, but if you’re watching the chart, take profit at the turn down (making lower highs) around dawn. 35pips
Or, since it puts in a high once before that, you’d close out around there.
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.
