The808Trader

More Yen over GBP? - Ichimoku GBP/JPY Sell Setup

Short
FX:GBPJPY   Livre sterling / Yen japonais
I am going to keep this setup from last week, so if it looks familiar, it should! We've already hit our first partial take profit level and I am still keeping my bearish bias looking for more chances to get short. We can do that by waiting for a drawback for better sell near our original entry, or a break down lower below price structure. We have plenty of room to fall and with May resigning it may give us a big gap down over the weekend, so we will have to be really cautious with this one!

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