### Previous Day’s Trading SummaryOn Monday, short-term GBP/JPY trades followed the **M5 Basic Model**. The first short setup during the black-screen session reached its profit target.The intraday plan was to enter short positions in stages if price rebounded toward **211.7 and 212.2**. However, the market did not reach these entry levels.### STAR ViewGBP/JPY traded within a narrow **210.7–211.2** range during Monday’s Asian session. During the European session, the pair broke lower and fell sharply to an intraday low near **208.65**. In the U.S. session, price consolidated around **209**. The pair moved approximately **256 pips** throughout the day and closed with a strong bearish daily candle.Expectations of a **Bank of Japan rate hike** continued to support the Japanese yen. At the same time, continued unwinding of carry trades added further pressure on GBP/JPY, keeping the overall trend bearish.In early trading today, GBP/JPY extended its decline toward **207.5**. On the **H4 chart**, a strong bearish candle formed, while MACD remains in a bearish crossover below the zero line with increasing momentum. The **H1 MACD** shows a similar bearish structure.The overall bearish trend remains intact, with resistance around **209–210** and support around **207–206**. The preferred approach today is to look for short opportunities following a rebound. The **Tricolor Line Strategy** can also be combined with the **M5 Basic Model** for intraday setups.From a fundamental perspective, key releases to watch include **China’s August Trade Balance, Japan’s July Trade Balance, Germany’s July seasonally adjusted Trade Balance, France’s July Trade Balance, the U.S. NFIB Small Business Optimism Index, and the New York Fed’s one-year inflation expectations**. These releases may increase market volatility.### Key Levels**Resistance:** 209 / 210**Support:** 207 / 206### Intraday StrategyGBP/JPY broke lower on Monday and continued its downward move. Today’s strategy is to wait for a rebound toward **208.5 and 208.8** before considering short entries in stages.**Entry:** Around 208.5 / 208.8**Take Profit:** 40–60 pips**Stop Loss:** Around 209.2**Tricolor Line Strategy:**The Tricolor Line remains **green**. The standard **H1 short position** was entered around **216.55** and closed with a **70-pip profit**.For today’s intraday trading, the **M5 Basic Model** is recommended for identifying potential setups.
### Previous Day’s Trading SummaryOn Monday, short-term GBP/JPY trades followed the **M5 Basic Model**. The first short setup during the black-screen session reached its profit target.The intraday plan was to enter short positions in stages if price rebounded toward **211.7 and 212.2**. However, the market did not reach these entry levels.### STAR ViewGBP/JPY traded within a narrow **210.7–211.2** range during Monday’s Asian session. During the European session, the pair broke lower and fell sharply to an intraday low near **208.65**. In the U.S. session, price consolidated around **209**. The pair moved approximately **256 pips** throughout the day and closed with a strong bearish daily candle.Expectations of a **Bank of Japan rate hike** continued to support the Japanese yen. At the same time, continued unwinding of carry trades added further pressure on GBP/JPY, keeping the overall trend bearish.In early trading today, GBP/JPY extended its decline toward **207.5**. On the **H4 chart**, a strong bearish candle formed, while MACD remains in a bearish crossover below the zero line with increasing momentum. The **H1 MACD** shows a similar bearish structure.The overall bearish trend remains intact, with resistance around **209–210** and support around **207–206**. The preferred approach today is to look for short opportunities following a rebound. The **Tricolor Line Strategy** can also be combined with the **M5 Basic Model** for intraday setups.From a fundamental perspective, key releases to watch include **China’s August Trade Balance, Japan’s July Trade Balance, Germany’s July seasonally adjusted Trade Balance, France’s July Trade Balance, the U.S. NFIB Small Business Optimism Index, and the New York Fed’s one-year inflation expectations**. These releases may increase market volatility.### Key Levels**Resistance:** 209 / 210**Support:** 207 / 206### Intraday StrategyGBP/JPY broke lower on Monday and continued its downward move. Today’s strategy is to wait for a rebound toward **208.5 and 208.8** before considering short entries in stages.**Entry:** Around 208.5 / 208.8**Take Profit:** 40–60 pips**Stop Loss:** Around 209.2**Tricolor Line Strategy:**The Tricolor Line remains **green**. The standard **H1 short position** was entered around **216.55** and closed with a **70-pip profit**.For today’s intraday trading, the **M5 Basic Model** is recommended for identifying potential setups.
