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Thomson Reuters
Jan 28 - 08:36 AM
EUR/GBP - Teasing Bears With A Hint Of A Reversal
First appeared on eFXplus on Jan 28 - 06:15 AM
  • Very early days but Friday's candlestick doji cast a trend warning
  • Month-end flow can underpin a pick up in the cross nL1N1ZS07J
  • New trend low Friday at 0.8618 but late recovery to close near 0.8652 open
  • Doji action can indicate market indecision and can signal a turn in price
  • Candlestick signals require confirmation and a bull close today would help
  • Lower 30DMA Bolli at 0.8668 and close inside envelope to add reversal risk

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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