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Gbp/Usd : 10/12/2015 Technical Analysis Report

10th December 2015 CFX Admin

Our Preference: Buy Above 1.5100 for the target 1.5240 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on upper side and yesterday its was closed on higher side as bullish candle and now this upper channel line acting as key support level so we can buy near support level and except upto next resistance level of horizontal line :- which we have shown in attached image.
In 4 Hour Chart :- Yesterday GbpUsd was broken the upper trend line and now it was started to trade in the equidistance channel lines and trading above the resistance level so we can buy near intraday support levels and except upto next key resistance 1.5240 level :- which we have shown in attached image.
In 1 Hour Chart :- Yesterday GbpUsd was broken the upper trend line and broken key resistance level of horizontal line so we can buy near intraday support levels and except upto next key resistance level :- which we have shown in attached image. 


Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on upper side and yesterday its was closed on higher side as bullish candle and now this upper channel line acting as key support level so we can buy near support level and except upto next resistance level of horizontal line :- which we have shown in attached image.



In 4 Hour Chart :- Yesterday GbpUsd was broken the upper trend line and now it was started to trade in the equidistance channel lines and trading above the resistance level so we can buy near intraday support levels and except upto next key resistance 1.5240 level :- which we have shown in attached image.



In 1 Hour Chart :- Yesterday GbpUsd was broken the upper trend line and broken key resistance level of horizontal line so we can buy near intraday support levels and except upto next key resistance level :- which we have shown in attached image.



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