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Gbp/Usd : 17/04/2015 Technical Analysis Report

17th April 2015 CFX Admin

Our Preference: Sell Below 1.5000 for the target of 1.4850 & 1.4730 levels.
Alternative Scenario: Buy Above 1.5070 for the target of 1.5180 levels.
 
Technical Commentary: In Daily chart and 4 hours chart :- GbpUsd was trading in the range bound pattern between key resistance level 1.5000 and key support level 1.4700 so now it was trading in the below key resistance level so we can sell near key resistance level and we can wait upto next support levels :- which we have shown in attached image.
In 1 hour chart : Gbp/Usd was trading in the equidistant channel lines and its trading in the range bound pattern between the major key resistance level and key support levels :- which we have shown in attached image. 


Technical Commentary: In Daily chart and 4 hours chart :- GbpUsd was trading in the range bound pattern between key resistance level 1.5000 and key support level 1.4700 so now it was trading in the below key resistance level so we can sell near key resistance level and we can wait upto next support levels :- which we have shown in attached image.



In 1 hour chart : Gbp/Usd was trading in the equidistant channel lines and its trading in the range bound pattern between the major key resistance level and key support levels :- which we have shown in attached image.



In 1 hour chart : Gbp/Usd was trading in the equidistant channel lines and its trading in the range bound pattern between the major key resistance level and key support levels :- which we have shown in attached image.



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