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  4. EUR/GBP Signal - Feb. 28, 2013
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EUR/GBP Signal - Feb. 28, 2013

By Alp Kocak
Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Currency: EUR/GBP
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: It seems that the EUR/GBP pair encountered heavy resistance at 0.8800 and is getting ready for a retracement. On the 4-hour time frame, prices fell below the Ichimoku Cloud and we also have bearish Tenkan-Sen - Kijun-Sen crosses.
Recommendation: Short
Target Area: 0.8550
Stop-Loss: 0.8685

EURGBP Signal

Alp Kocak
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.
 

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