TradeTheIchimoku

GBP/USD at interesting point

FX:GBPUSD   British Pound/U.S. Dollar
249 1 6
On numerous time-frames cable is at an interesting point. Having been in a downtrend this past few weeks, looking at the daily chart we can see that price is about to flirt with the kumo one again. Will it pass through and signify a longer-term downtrend or will it find support at the lower side of the Kumo as it has done on the last three or four occasions. One to keep an eye on especially with NFP on Friday. Great example of why the Kumo matters on higher time frames especially
Until pattern fails, it's a stepping up slope....I agree.
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