Check this out.
The sellers returned big time today into the GBP, closing out the day below our upward sloping channel - yikes! Also, make note that Ozzy has not been able to rise above the I.P., nor has it been able to break above it's now downward sloping signal line (red) - double yikes! The 10 day sma has rolled over and is now heading down and as of today, so has/is the 20 day sma. As amazing as it seems, the USD is in rally mode. This is where our rule "don't trade what you think should happen, trade what's happening" comes into play. As amazing as it sounds, the USD is being defended and appears to be in rally mode - go figure!

Bottom line: I'm a seller. Targets are 1.6020, 1.5950, and 1.55.22.

As for WHEN to sell? I'm looking at todays low, +/- 1.6110