Technical Commentary :- In Weekly Chart :- GbpUsd was trading in the triangle pattern and last week safely reached lower trend line of key support level and its as bearish candle so this is week we can except some correction from support level and we can except sideways movement :- which we have shown in attached image.
In Daily Chart :- GbpUsd was broken the triangle pattern on lower side and now its trading near previous low come as resistance level so we can sell near resistance level or we can sell near upper trend line :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was bounced back from key support level and its broken the upper trend line so we can except on buying side from support levels :- which we have shown in attached image.
In 1 hour chart :- GbpUsd was broken the upper trend line and its trading near resistance level so we can buy near support level :- which 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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