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Gbp/Usd : 04/03/2015 Technical Analysis Report

4th March 2015 CFX Admin

Our Preference: Sell below1.5400 with target of 1.5330 & 1.5300 in extension
Alternative Scenario: Nill
 
Technical Commentary: In daily chart :- yesterday Gbp/Usd was closed below intraday key resistance line, So we can sell near resistance @ 1.5400 :- We have shown in image.
In 4 hours chart & 1 hour chart Gbp/Usd was broken the equidistance channel lines on lower trend line and its trading in triangle pattern with near upper trend line so we can sell below 1.5400 and expect correction upto next key support levels 1.5340 & 1.5300 :- We have shown in image.


Technical Commentary: In daily chart :- yesterday Gbp/Usd was closed below intraday key resistance line, So we can sell near resistance @ 1.5400 :- We have shown in image.



In 4 hours chart & 1 hour chart Gbp/Usd was broken the equidistance channel lines on lower trend line and its trading in triangle pattern with near upper trend line so we can sell below 1.5400 and expect correction upto next key support levels 1.5340 & 1.5300 :- We have shown in image.



In 4 hours chart & 1 hour chart Gbp/Usd was broken the equidistance channel lines on lower trend line and its trading in triangle pattern with near upper trend line so we can sell below 1.5400 and expect correction upto next key support levels 1.5340 & 1.5300 :- We have shown in image.



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