Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.7905
Kijun-Sen level: 0.7881
Ichimoku cloud top: 0.7861
Ichimoku cloud bottom: 0.7886
EUR/GBP made a high of 0.79202 and has retreated from that level. The overall trend is bearish as long as resistance 0.7925 holds.
The break of 0.7925 will take the pair to 0.7950/0.7980. The pair’s minor support is around 0.7870 ann any indicative break below would extend loss to 0.7830/0.7800 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/GBP around 0.7885-87, SL 0.7925, Target 0.7830/0.7800.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.7905
Kijun-Sen level: 0.7881
Ichimoku cloud top: 0.7861
Ichimoku cloud bottom: 0.7886
EUR/GBP made a high of 0.79202 and has retreated from that level. The overall trend is bearish as long as resistance 0.7925 holds.
The break of 0.7925 will take the pair to 0.7950/0.7980. The pair’s minor support is around 0.7870 ann any indicative break below would extend loss to 0.7830/0.7800 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/GBP around 0.7885-87, SL 0.7925, Target 0.7830/0.7800.