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Gbp/Usd : 22/12/2015 Technical Analysis Report

22nd December 2015 CFX Admin

Our Preference: Sell Below 1.4930 for the target 1.5850 levels.
Alternative Scenario: Nill.
 
Technical Commentary :- In Daily Chart :- GbpUsd was closed on lower side as bearish candle and closed below the previous support low so its confirming for the selling side so we can sell near resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- GbpUsd was trading in the sideways movement between key resistance level and key support level and it was trading in the triangle pattern now it was trading near upper trend line and trading near resistance level so we can sell near upper trend line and  except upto next key support level :- which we have shown in attached image.


Technical Commentary :- In Daily Chart :- GbpUsd was closed on lower side as bearish candle and closed below the previous support low so its confirming for the selling side so we can sell near resistance level and except upto next key support level :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart :- GbpUsd was trading in the sideways movement between key resistance level and key support level and it was trading in the triangle pattern now it was trading near upper trend line and trading near resistance level so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart :- GbpUsd was trading in the sideways movement between key resistance level and key support level and it was trading in the triangle pattern now it was trading near upper trend line and trading near resistance level so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image.



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