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The808Trader

Yen to Break the Zone? - GBP/JPY Ichimoku Short Trade

Short
British Pound / Japanese Yen (FX:GBPJPY)  
The808Trader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis Bearish Patterns ichimouku ichimokukinkohyo the808trader ichimokuforex
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis bearish ichimouku ichimokukinkohyo the808trader ichimokuforex
This setup has been on our radar now for awhile, but it still remains valid if we can break the resistance level at the bottom of the consolidation zone we've been stuck in.

If we can get a solid break of that zone I'll look to get short and trade down to the bottom of the previous bullish kumo you can see on the left hand side.

If we fail to break the bottom of the zone and hold bearish strength then this setup may become invalidated.
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