Technical Commentary: In Weekly Chart : Gbp/Usd was trading in the range bound pattern between key resistance @ 1.5020 and key support level @ 1.4710 and yesterday gbp/usd bounced back from last week low so we can except sideways movements :- We have shown in attached image
In Daily chart and In 4 hour chart: Gbp/Usd was trading in the triangle pattern so we can except range bound pattern between upper trend line and lower trend line :-
In 1 hour chart, Gbp/Usd was trading in the equidistance channel lines now its was trading near upper channel line so we can sell below upper channel line for the target upto next support level :- We have shown in attached image.
In 1 hour chart, Gbp/Usd was trading in the equidistance channel lines now its was trading near upper channel line so we can sell below upper channel line for the target upto next support level :- We have shown in attached 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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