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Gbp/Usd : 24/04/2015 Technical Analysis Report

24th April 2015 CFX Admin

Our Preference: Buy above 1.5030 for the target of 1.5100 & 1.5200 levels.
Alternative Scenario: Nill.
 
Technical Commentary: In Daily chart:- GbpUsd was broken the range bound pattern on higher side and its broken the key resistance level 1.5000 level and now its was trading with lower trend line :- which we have shown in attached image.
In 4 hours chart :- GbpUsd was trading in the equidistant channel lines and now its trading near lower trend line and trading near key support level of 1.5000 ,In 1 hour chart :- Gbp/Usd was moving with lower trend line and yesterday its broken major key resistance level 1.5000 so we can buy above 1.5000 levels :- which we have shown in attached image. 


Technical Commentary: In Daily chart:- GbpUsd was broken the range bound pattern on higher side and its broken the key resistance level 1.5000 level and now its was trading with lower trend line :- which we have shown in attached image.



In 4 hours chart :- GbpUsd was trading in the equidistant channel lines and now its trading near lower trend line and trading near key support level of 1.5000 ,In 1 hour chart :- Gbp/Usd was moving with lower trend line and yesterday its broken major key resistance level 1.5000 so we can buy above 1.5000 levels :- which we have shown in attached image.



In 4 hours chart :- GbpUsd was trading in the equidistant channel lines and now its trading near lower trend line and trading near key support level of 1.5000 ,In 1 hour chart :- Gbp/Usd was moving with lower trend line and yesterday its broken major key resistance level 1.5000 so we can buy above 1.5000 levels :- which we have shown in attached image.



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