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EWJ Signal - December 3, 2012

By Andrew Keene
Andrew Keene spent 10 years as an independent equity options trader on the Chicago Board of Options Exchange, during which he spent the majority of his time as a market-maker for over 125 stocks. Andrew currently trades futures, currencies and commodities. When he's not trading, Andrew appears on top business television shows including CNBC's Squawk on the Street, Street Smart on Bloomberg TV and First Business, a show that is syndicated across the United States. Andrew graduated from the University of Illinois with a degree in Finance with a concentration in Accountancy.

Currency: EUR/GBP.
Trend Expected Direction: Uptrend.
Method : MACD Divergence.
Description: The EUR/GBP is currently forming a MACD Divergence, as we can notice , the MACD shows possible MACD Divergence and the MACD signal line crossed the MACD line.
Action: Best action is to sell .
Target Area: first target 0.8050 second target 0.8000 .
Stop Loss: 0.8200 .

EUR/GBP Signal - Dec. 3, 2012

Andrew Keene
About Andrew Keene
Andrew Keene spent 10 years as an independent equity options trader on the Chicago Board of Options Exchange, during which he spent the majority of his time as a market-maker for over 125 stocks. Andrew currently trades futures, currencies and commodities. When he's not trading, Andrew appears on top business television shows including CNBC's Squawk on the Street, Street Smart on Bloomberg TV and First Business, a show that is syndicated across the United States. Andrew graduated from the University of Illinois with a degree in Finance with a concentration in Accountancy.
 

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