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Gbp/Usd : 10/03/2015 Technical Analysis Report

10th March 2015 CFX Admin

Our Preference: Sell below1.5100 with target of 1.5030.
Alternative Scenario: Nill
 
Technical Commentary:
In Weekly chart :- Last week GbpUsd was closed lower and closed below last 3 weeks low and its broken lower trend line and its closed below lower trend line, now previous lower trend line become acting as resistance line so we can sell near the trend line :- We have shown in image.
In daily chart :- Gbp/Usd was broken key support level line, Now the previous support line acting as key resistance line level, So we can sell near resistance @ 1.5030 :- We have shown in image.
In 4 hour chart Gbp/Usd was broken equidistant channel line on lower side line so now 1.5100 acting as key resistance level and In 1 hour chart Gbp/Usd was trading in the near upper trend line,:- We have shown in image.


In daily chart :- Gbp/Usd was broken key support level line, Now the previous support line acting as key resistance line level, So we can sell near resistance @ 1.5030 :- We have shown in image.



In Weekly chart :- Last week GbpUsd was closed lower and closed below last 3 weeks low and its broken lower trend line and its closed below lower trend line, now previous lower trend line become acting as resistance line so we can sell near the trend line :- We have shown in image.



In 4 hour chart Gbp/Usd was broken equidistant channel line on lower side line so now 1.5100 acting as key resistance level and In 1 hour chart Gbp/Usd was trading in the near upper trend line,:- We have shown in image.



In 4 hour chart Gbp/Usd was broken equidistant channel line on lower side line so now 1.5100 acting as key resistance level and In 1 hour chart Gbp/Usd was trading in the near upper trend line,:- We have shown in image.



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