daily analysis fot the pair of eur/gbp , Pair today rebounded from a strong resistance point at 0.8420 expect the pair continue to decline to levels of 0.8380 and rebound, God willing
daily analysis fot the pair of eur/gbp , Pair today rebounded from a strong resistance point at 0.8420 expect the pair continue to decline to levels of 0.8380 and rebound, God willing
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eur/gbp technical analysis on 24.01.13 on h4 timeframe based on adx
adx : 21.7052
+di : 20.4337
-di : 13.8669
time : 0400
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Analysis result EUR GBP 24-01-2013
UP TREND (STRONG)
Signal 20 pips : BUY @ 0.8421 Set S/L @ 0.8391 Set TP @ 0.8441
Signal Breakout : BUY @ 0.8441 Set S/L @ 0.8411 Set TP @ 0.8461
Reversal Prediction HIGH : 0.8461
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eur/gbp technical analysis by using : adx
adx : 18.5006
+di : 15.7393
-di : 24.2615
timeframe : 1 hour
time : 1800
date : 23.01.2013
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The situation smacks turn the main trend (and the start of the southern mid-correction), the pair almost worked breakthrough zone upper fractals 8411 - breakdown was false and the course again went under it, opened the sale, as the Stochastic on the hourly and the daily chart shows a sell signal, my first goal is to support 8320.
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Yesterday a negative candlestick pattern formed around the 50% correct level at 0.8420. The momentum indicator also shows the negative bias at overbought levels. Therefore we are in favor of bearish correction at this level. According to my chart analysis, I prefer to selling the pair below 0.8420 with targets 0.8355, 0.8330 then 0.8290 and stoploss with four hour candle closing above 0.8440.
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Decline in the EUR/GBP with improved unemployment benefit,s British
British prime Minister spoke about the relations between the United kingdom and the European union and the speculation on expectations ahead of the announcement of the British benefit,s . great point 0.8400
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Daily Analysis EUR GBP I expect the pair now falling to levels of 0.8360 in the case of breakage expect climb to 0.8320 and bounce as in the case of boarding expect climb to 0.8440 and bounce
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sell eur/gbp at the level 0.8402 with targets at 0.8356 and 0.8323, but in case of breaking the level 0.8426, then buy at this level with targets at 0.8462 and 0.8496
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