1/08/2013 13:30 GMT

Ichimoku is showing short on GBP/JPY. There is correction in bearish trend, price bounce from Kijun, all othere system components are also bearish that’s why is good opportunity for short.

There is also possibility of Head and Shoulders pattern with over 1000 pips range. Merrill Lynch wrote about it today. Weak Pound and stronger Yen can make big trend in next days.



Ichimoku - short signal on GBP/JPY. Possible 1000 pips down trend after Head and Shoulders pattern

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Marcin Wenus
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.

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