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The808Trader

Pound Getting Relief? - GBP/JPY Ichimoku Long Trade Setup

Long
British Pound / Japanese Yen (FX:GBPJPY)  
The808Trader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpylong Bullish Patterns Ichimoku Cloud ichimokuforex the808trader gbpjpyanalysis gbpjpyprediction
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trendanalysis chartpattern indicator gbpjpy gbpjpylong bullish ichimokuclouds ichimokuforex the808trader gbpjpyanalysis gbpjpyprediction
This pair had a breakout last week before being rejected at previous price structure resistance. I am now looking to see if we can hold support at tenken sen or kijun sen for a chance enter a buy. We are maintaining mostly bullish confirmations right now including a recently completed bullish kumo twist. In order to look for a clean buy I really need to a see a good support candle form. Ideally it would have a wick that drops to touch the kumo or kijun sen, signifying that support will indeed hold. If we fail to hold support or show a clean entry, this setup may become invalidated.
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