GBPUSD Daily / Weekly Market Report 15012011

Above 1.5650 trend short-term remain bullish but below 1.61 remain bearish medium and long term.

Strong rally this week but close below last swing high daily chart 1.5910.
Below 1.5910 expect pullback next sessions target 1.5770 possible extension to 1.5730. Close daily above 1.5910 target range 1.5960.1.6015 remember big reference last months ema100 weekly chart 1.5947.
 Remember Trade Plan 13012011 intact.
Potential bearish head shoulders pattern but for now focus key levels area.
Can see EURUSD report 15012010 HERE
 Click to zoom in.Good Luck folks.