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Gbp/Usd : 11/12/2015 Technical Analysis Report

11th December 2015 CFX Admin

Our Preference: Sell Below 1.5170 for the target 1.5100 levels.
Alternative Scenario: Nill
 

Technical Commentary :- In Daily Chart :- GbpUsd was trading below upper trend line and trading in the triangle pattern so we can keep stoploss above upper trend line and last 2 days high so we can sell near resistance level of upper trend line and except upto next support level :- which we have shown in attached image.

In 4 Hour Chart :- GbpUsd was trading in the equidistance channel lines and its was trading in the sideways movement between key resistance level and key support level  so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- :- GbpUsd was trading in the triangle pattern and its was trading in the sideways movement between key resistance level and key support level  so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.


Technical Commentary :- In Daily Chart :- GbpUsd was trading below upper trend line and trading in the triangle pattern so we can keep stoploss above upper trend line and last 2 days high so we can sell near resistance level of upper trend line and except upto next support level :- which we have shown in attached image.



In 4 Hour Chart :- GbpUsd was trading in the equidistance channel lines and its was trading in the sideways movement between key resistance level and key support level so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.



In 1 Hour Chart :- :- GbpUsd was trading in the triangle pattern and its was trading in the sideways movement between key resistance level and key support level so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.



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