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Gbp/Usd : 11/05/2015 Technical Analysis Report

11th May 2015 CFX Admin

Our Preference: Sell Below 1.5500 for the target 1.5280 levels.
Alternative Scenario: Nill
 
Technical Commentary: In Weekly Chart and In Daily chart :- Last week Gbp/Usd was closed near upper trend line and key resistance 1.5500, so we can except sell off  near key resistance level for the target upto next support 1.5220 levels :- which we have shown in attached image.
In 4 hours chart and 1 hour chart :- GbpUsd was trading in the range bound pattern between key resistance and key support levels:- which we have shown in attached image. 


Technical Commentary: In Weekly Chart and In Daily chart :- Last week Gbp/Usd was closed near upper trend line and key resistance 1.5500, so we can except sell off near key resistance level for the target upto next support 1.5220 levels :- which we have shown in attached image.



Technical Commentary: In Weekly Chart and In Daily chart :- Last week Gbp/Usd was closed near upper trend line and key resistance 1.5500, so we can except sell off near key resistance level for the target upto next support 1.5220 levels :- which we have shown in attached image.



In 4 hours chart and 1 hour chart :- GbpUsd was trading in the range bound pattern between key resistance and key support levels:- which we have shown in attached image.



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