In daily chart :- Yesterday Gbp/Usd was broken last month low and closed below key support level 1.5000 ,so last month low acting as key resistance so we can sell near resistance level. trading above the major key support level and trading below the upper trend line and Last 2 days its trading in range bound pattern with key support and key resistance :- We have shown in image.
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 4 hour chart and 1 hour chart Gbp/Usd was trading in the equidistant channel near upper channel line, So we can sell near upper trend line :- We have shown in image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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