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Gbp/Usd : 21/01/2016 Technical Analysis Report

21st January 2016 CFX Admin

Our Preference: Sell Below 1.4200 for the target 1.4100 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was closed below the 2010 year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading with upper trend line and its trading below the resistance level of horizontal level, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :-     GbpUsd was trading in the equidistant lines and now its was trading near resistance level of horizontal line so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image. 


Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was closed below the 2010 year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.



In 4 Hour Chart :- GbpUsd was trading with upper trend line and its trading below the resistance level of horizontal level, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.



In 1 Hour Chart :- GbpUsd was trading in the equidistant lines and now its was trading near resistance level of horizontal line so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.



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