Ichimoku Analysis – GBP/USD – 5/2/2010
Ichimoku Analysis on GBP/USD
5m: Bearish – Price retrace and try to retest Kijun after Tenkan has cross Kijun earlier.Wait to enter short after price fail to retest Kijun.
15m: Bearish
30m: Bearish – Price retrace and try to retest Tenkan.
1h: Strong Bearish
4h: Strong Bearish
Daily: Strong Bearish
Weekly: Medium Bearish. Price try to break Kumo (cloud)
Action: Wait to enter short after price fail to retest Kijun on 5m chart
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