GBP/USD Signal - Nov. 8, 2012
Forex pairs in this Article »
GBP/USD
By: DailyForex.com
Currency: GBP/USD Trend Expected Direction: Down Method: Ichimoku, Technical Analysis Description: GBP/USD successfully broke the 1.5950 which has been blocking its way since Monday. Both daily and 4H charts suggests that lower prices will come as long as the pair trades above this key level. I would suggest that when the pair reaches the first target, move stop-loss to the entry level. Recommendation: Short Target Area: 1.5900 & 1.5860 Stop Loss: 1.5970
Currency: GBP/USD Trend Expected Direction: Down Method: Ichimoku, Technical Analysis Description: GBP/USD successfully broke the 1.5950 which has been blocking its way since Monday. Both daily and 4H charts suggests that lower prices will come as long as the pair trades above this key level. I would suggest that when the pair reaches the first target, move stop-loss to the entry level. Recommendation: Short Target Area: 1.5900 & 1.5860 Stop Loss: 1.5970
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