Euro Pound Reversal?

The EURGBP is beginning to diverge across multiple time frames. The weekly, daily, 4 hour and 1 hour all show divergence and the previous daily candle has a reversal candle.

The MOB has been hit and we are close to the figure.

We have placed a short on this with our stop a few pips above the doji. At the time of writing this we are 23 pips in the profit zone.

The daily Euro Pound shows the divergence and MOB. Support is at the previous resistance (red line).


Chart courtesy of Advanced Get. Data provided by eSignal.

The Euro Dollar resistance could come in the form of a trendline resistance or MOB or the plain and simple figure. The daily chart below shows that information.


Chart courtesy of Advanced Get. Data provided by Esignal.

Forex Analysts
Anne Chapman & Javid Shaik