2026/10/22 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Pretty much the same as yesterday.
That said, price has been gradually turning up, and it’s starting to look like a channel line can be drawn.
Given this flow, a break to the upside looks fairly likely.
It’s still a range, so the plan is to buy from the lower side, waiting for a pullback.
Review
No trade.
Price kept falling, so there was no entry point that fit the morning scenario.
The line with the blue marker is the original sell target.
Since price dropped further from there, the market context changed and this calls for a scenario update.
The red circle, a sell off support/resistance (S/R) after price came back up to the blue line, was an easy point to take.
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.
