18/06/2013 13:10GMT

On H4 GBP/JPY chart we can see all lines in short direction, also Ichimoku cloud is bearish and price rejected Kijun. That’s why I opened short position.



GBP/JPY powrót do spadków picadsfxsaltpl



On D1 chart we can see that price is in Kumo, and bottom line of it is strong support. Also near this level there is technical support. I will close there half of postion.



picadsfxsaltpl



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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.