Despite intra-day brief rebound from 1.5168 to 1.5335, as renewed selling interest emerged just above the Ichimoku cloud top, the sharp retreat from there has revived our bearishness for the decline from 1.5473 top to resume after consolidation.

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Trade Idea Wrap-up: GBP/USD – Sell at 1.5320

The markets are split for the moment.

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Daily Report: Markets Split, Yen and European Majors Strong

In the July 1st email on $/swiss, affirmed the short position (sold on Jun 15th at 1.1330), but warned that despite no signs of a bottom “pattern-wise”, risk in the position was clearly rising after the sharp decline from the Jun 1st high at 1.1730. Said to use an aggressive

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$/Swiss, Finally Covered Month Long Short….