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Gbp/Usd : 18/12/2015 Technical Analysis Report

18th December 2015 CFX Admin

Our Preference: Buy Above 1.4880 for the target 1.4970 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- GbpUsd was tested the strong lower trend line and its tested the key support level so we can buy near support level and except next key resistance level:- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was broken the equidistant lower channel line and tested key support level so we can except on buying side from key support level of horizontal line upto next resistance level:- which we have shown in attached image.
In 1 Hour Chart :-  GbpUsd was trading in the triangle pattern now its trading near lower trend line and but it was trading below the key support level of horizontal line so we can sell near the support level of horizontal line with tight stoploss and except upto next key support level :- which we have shown in attached image.


Technical Commentary :- In Daily Chart :- GbpUsd was tested the strong lower trend line and its tested the key support level so we can buy near support level and except next key resistance level:- which we have shown in attached image.



In 4 Hour Chart :- GbpUsd was broken the equidistant lower channel line and tested key support level so we can except on buying side from key support level of horizontal line upto next resistance level:- which we have shown in attached image.



In 1 Hour Chart :- GbpUsd was trading in the triangle pattern now its trading near lower trend line and but it was trading below the key support level of horizontal line so we can sell near the support level of horizontal line with tight stoploss and except upto next key support level :- which we have shown in attached image.



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