Yen to Break the Zone? - GBP/JPY Ichimoku Short Trade
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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.