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Gbp/Usd : 03/12/2015 Technical Analysis Report

3rd December 2015 CFX Admin

Our Preference: Sell Below 1.5000 for the target 1.4870 levels.
Alternative Scenario: Nill.
 
Technical Commentary :- In Daily Chart :- Yesterday GbpUsd was broken the triangle pattern on lower side and its broken the last week low and its trading below 7 months low so its confirming for the selling side :- which we have shown in attached image.
In 4 Hour Chart  :- GbpUsd was broken the triangle pattern on lower side and its broken the key support level and its broken the lower trend line so its confirming for the selling side :- which we have shown in attached image.
In 1 hour chart :- GbpUsd was broken on lower side of the the range bound pattern so we can sell near key resistance level and we can except upto next key support levels :- which we have shown in attached image.


Technical Commentary :- In Daily Chart :- Yesterday GbpUsd was broken the triangle pattern on lower side and its broken the last week low and its trading below 7 months low so its confirming for the selling side :- which we have shown in attached image.



In 4 Hour Chart :- GbpUsd was broken the triangle pattern on lower side and its broken the key support level and its broken the lower trend line so its confirming for the selling side :- which we have shown in attached image.



In 1 hour chart :- GbpUsd was broken on lower side of the the range bound pattern so we can sell near key resistance level and we can except upto next key support levels :- which we have shown in attached image.



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