2026/10/30 GBP/JPY Trade Strategy
Today's GBP/JPY call: Buy.
Price moved up another leg from yesterday, but it’s back in a range now.
From here, the key point is whether the range high from up until yesterday will act as support.
Looking higher, the green line above A is a price zone the market is likely to be watching, so I want to be careful there.
Review
It played out as Scenario B.
The bigger move was a continuing range, but you could buy from where a double bottom formed near line C.
Take profit where the rise stalled at the range high. In the image above I took profit on the second touch, but closing out on the first touch would also be fine. 55 pips
If you couldn’t get in at circle ①, entering at the blue circle is fine too.
In that case it comes to about 30 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.
