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Gbp/Usd : 02/12/2015 Technical Analysis Report

2nd December 2015 CFX Admin

Our Preference: Sell Below 1.5120 for the target 1.5000 levels.
Alternative Scenario: Nill.
 
Technical Commentary :- In Daily Chart :- After testing the key resistance level GbpUsd was came back and closed on lower side and its closed below the resistance level so its confirming for the selling side so we can sell near resistance level :- which we have shown in attached image.
In 4 Hour Chart  and In 1 hour chart :- Last 2 days GbpUsd was trading in the range bound pattern between key resistance and key support level and new upper trend line was formed so we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.


Technical Commentary :- In Daily Chart :- After testing the key resistance level GbpUsd was came back and closed on lower side and its closed below the resistance level so its confirming for the selling side so we can sell near resistance level :- which we have shown in attached image.



In 4 Hour Chart and In 1 hour chart :- Last 2 days GbpUsd was trading in the range bound pattern between key resistance and key support level and new upper trend line was formed so we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.



In 4 Hour Chart and In 1 hour chart :- Last 2 days GbpUsd was trading in the range bound pattern between key resistance and key support level and new upper trend line was formed so we can sell near upper trend line and we can except upto next key support levels :- which we have shown in attached image.



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