The808Trader

More Yen Strength? - GBP/JPY Ichimoku Short Trade

Short
FX:GBPJPY   Livre sterling / Yen japonais
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.

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