More Yen Strength? - GBP/JPY Ichimoku Short Trade
The yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines.
I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level.
If we can get a good rejection there we should fall back down to our previous major price structure support I've laid out as my major target.
I've also drawn out a few partial take profit levels on our way.
If we fail to maintain o our bearish confirmations and trend, then this setup may become invalidated.
I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level.
If we can get a good rejection there we should fall back down to our previous major price structure support I've laid out as my major target.
I've also drawn out a few partial take profit levels on our way.
If we fail to maintain o our bearish confirmations and trend, then this setup may become invalidated.