FX:GBPUSD   British Pound / U.S. Dollar
161 4 1
First target - 155.461
short short short
Look at my new opinion on the currency pair GBPUSD
Ok I'll look and I'll tell you my opinion
I made a technical analysis on gbpusd 2h chart with Ichimoku. Major uptrend since 9th of july. Wave 5 pattern has been accomplished. Counter trend a,b and c. Now since 21st of Aug, price is reversing, tenkan sen crossed below kijun sen indicates a sell signal (see rectangle on chart) and price breaks the kumo (blue shape). This show a bearish trend direction. I am looking at a test and a break at the major trend support (1.54 area, see chart) to enter short. Also a sell signal from tenkan and kijun sen (green mov average crossing down blue mov average). See chart http://www.flickr.com/photos/41057893@N02/9618813669/
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