By: DailyForex.com
Currency: GBP/USD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: GBP/USD successfully broke the 1.5950 which has been blocking its way since Monday. Both daily and 4H charts suggests that lower prices will come as long as the pair trades above this key level. I would suggest that when the pair reaches the first target, move stop-loss to the entry level.
Recommendation: Short
Target Area: 1.5900 & 1.5860
Stop Loss: 1.5970
