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EUR/GBP Doji?

Posted on September 29, 2009 at 2:33 in Intraday Techs, Medium & Long Term Techs by César B. Leiceaga

Price action on the daily eur/gbp chart has drawn a flawless gravestone doji on yesterday’s session indicating a possible market top is in place only if no close above previous high’s occurs. The fact that RSI remains on extreme overbought conditions reinforces this approach.

1 hour time frame remains overall bullish but moving averages are now turning to the downside and a short term bearish trend is forming (see 1 hour chart below). This bearish trendline (at 0,9200 area) is been tested while I write this post and needs to hold for more euro/gbp weakness. If this resistance remains intact I’m expecting the pair to retrace until main bullish trendline and support at 0,9080 - 0,9100 zone (blue circled zone)

Daily & 1 hour EUR/GBP charts.

César B.Leiceaga

Tags: cable, eurgbp, euro, eurogbp technical analysis

11 Responses to “EUR/GBP Doji?”

  1. on 29 Sep 2009 at 3:09 am1Beadelta

    Olá Carlos Bom dia ,

    eu tinha percebido esse doji , também porque estou em venda no e/g desde 90.00 então pensava que era minha ilusão.
    mas se você também o viu , então posso ter mais esperanças que desça esse par.
    E no g/j também se formou algo parecido com martelo , não é?

    excelente dia ,

    Jane

  2. on 29 Sep 2009 at 3:24 am2Beadelta

    desculpe, quis dizer que EStou em venda em 90.00

  3. on 29 Sep 2009 at 3:54 am3César B. Leiceaga

    Hola Jane,
    La G/J ha encontrado soporte en 140,00 por el momento… y sí, ha dibujado un martillo al igual que en E/G pero para que el martillo pueda ofrecernos una señal poderosa de compra, el cierre de la vela de hoy debería estar por encima del máximo de ayer (143,40). Esto sería lo ideal.
    Yo si veo posibilidades de que E/G retroceda a 0,90 pero para ello deberíamos ver un cierre por debajo de el soporte 0,9080.
    Un saludo.

  4. on 29 Sep 2009 at 4:25 am4Beadelta

    Muitas gracias César.

    bueno dia

  5. on 29 Sep 2009 at 4:36 am5César B. Leiceaga

    Gracias a tí!

    Un saludo.

  6. on 29 Sep 2009 at 5:03 am6carlab

    Good work, Cesar…It’s going your way.
    Creo que veremos es 0.90 y tambien espero que finalmente el usd/chf suba a 1.05, también dejó un curioso doji el 23/9.
    Creo que el objetivo deberia ser 1.06, con parada en 1.0450 anteriormente. Y en eur/usd, crees que veremos el 1.4450+-?? Gcs

  7. on 29 Sep 2009 at 5:16 am7Gladiat

    Enhorabuena Cesar,

    Parece que se mueve a tu favor.

    Saludos,

    Gladiat.

  8. on 29 Sep 2009 at 7:31 am8A-SOLTANI

    DEAR CEZAR
    AS i mentioned earlier ,we have on strog uptrend for e/p and it is too risky trade opposit the main trend. from EW view we are in W5 of midterm uptrend.

    best regard

  9. on 29 Sep 2009 at 7:49 am9César B. Leiceaga

    Dear A-SOLTANI,

    Totally agree with your e/g view. Check out my new post:

    (http://blogs.fxstreet.com/techtrading/2009/09/29/eurgbp-testing-bullish-trendline/).

    Regards.

  10. on 29 Sep 2009 at 8:35 am10César B. Leiceaga

    Hola Carlos,
    Es posible que veamos 1,05 esta semana en USD/CHF.Ahi tienes la MMS de 200 en el 4 horas. Tengo la misma opinion en cuanto a EUR/USD en 1,4450… para esta semana… espero que se cumpla…

    Suerte.

  11. on 29 Sep 2009 at 8:36 am11César B. Leiceaga

    Muchas gracias Gladiat,

    Saludos y suerte!

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