GBP/USD Ichimoku Signal- June 12

Alp Kocak

Currency: GBP/USD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: GBP/USD climbed above 34ema while it is trading above the kumo on H4 chart, signaling the bulls will try to pull the pair towards 1.5550. This position is against the current trend so when the pair hits 1.5530, move your stop-loss to entry level.
Recommendation: Long
Entry: 1.5501
Target Area: 1.5540 and 1.5560
Stop-Loss: 1.5480

GBP/USD Signal - June 12, 2012 image

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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