Looking at the Daily Ichimoku Hinko Hyo;
the GPBUSD
1) broke under the uptrend line from ~May 21st, 2010 as of two days ago
2) Is in a great triangle from ~Mar 29, 2011
3) Price is under the "KUMO UP" cloud
4) The up cloud is narrowing and ready to twist to bearish in 28 days
5) The triangle apex is 8 days out from the kumo twist
6) The Chinkou Span is under price and ready to come under cloud
7) The T-sen and K-Sen are both under cloud
8) The T-Sen and K-Sen just crossed bearish in Bear territory ( =Strong Signal)
I don't know about you but I see a long bearish ride coming. Any short I see coming in the FMT I'm going to leave on.
The only thing I see is the need to buy a japanese phrase book to understand this However, breaking under 1.6055 support would be bearish In my opinion