2026/11/06 GBP/JPY Trade Strategy
Today's Call
Direction
Sell
Buy target
213
Sell target
211.5, 211
Today's GBP/JPY call: Sell.
Following yesterday’s drop, I have a bearish bias for now.
However, it has turned up in the short term, so this isn’t a situation where I can sell right away.
The price zone marked in blue is near the 4-hour timeframe pullback low, so we’re in an area where recent shorts are likely to close out while new buying also tends to come in.
If price makes higher lows around the C line, buying could be an option.
I’ll wait and see a bit longer, and since it’s the end of the week, the next opportunity might not come until next week.
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.
