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Gbp/Usd : 26/02/2015 Technical Analysis Report

26th February 2015 CFX Admin

Our Preference: Buy above 1.5500 with target of 1.5560 & 1.5600 in extension
Alternative Scenario: Sell below 1.5430 with the target of 1.5360.
 
Technical Commentary: In daily chart :- Pound was trading in between upper trend line and lower trend line and yesterday broken heavy key resistance level :- We have shown in image.
In 4 hours chart & 1 hour chart Gbp/Usd was trading in the equidistance channel lines and its broken key resistance level,So its confirming that on buying side, we can buy near key Support levels and expect upto next key resistance levels :- We have shown in image.


Technical Commentary: In daily chart :- Pound was trading in between upper trend line and lower trend line and yesterday broken heavy key resistance level :- We have shown in image.



In 4 hours chart & 1 hour chart Gbp/Usd was trading in the equidistance channel lines and its broken key resistance level,So its confirming that on buying side, we can buy near key Support levels and expect upto next key resistance levels :- We have shown in image.



In 4 hours chart & 1 hour chart Gbp/Usd was trading in the equidistance channel lines and its broken key resistance level,So its confirming that on buying side, we can buy near key Support levels and expect upto next key resistance levels :- We have shown in image.



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