Gbp/Usd : 28/12/2015 Technical Analysis Report
28th December 2015
CFX Admin
Our Preference: Buy Above 1.4870 for the target 1.5000 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed on higher side and after testing the previous low support level and closed as candle stick hammer pattern so we can except on buying side upto next resistance level :- which we have shown in attached image.
In Daily Chart :- Last day GbpUsd was closed on higher side as bullish candle and now GbpUsd was trading in the equidistant channel lines and last day its was tested the lower channel line and closed above the key support level of horizontal line so we can except on buying side from key support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading with lower trend line and GbpUsd was trading in the sideways movement between key resistance level and key support level and its was trading above the key support level of horizontal line so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was broken the upper trend line of the triangle pattern now this upper trend line acting as support level so we can buy near the trend line and except upto next key resistance level :- which we have shown in attached image.
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed on higher side and after testing the previous low support level and closed as candle stick hammer pattern so we can except on buying side upto next resistance level :- which we have shown in attached image.
In Daily Chart :- Last day GbpUsd was closed on higher side as bullish candle and now GbpUsd was trading in the equidistant channel lines and last day its was tested the lower channel line and closed above the key support level of horizontal line so we can except on buying side from key support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading with lower trend line and GbpUsd was trading in the sideways movement between key resistance level and key support level and its was trading above the key support level of horizontal line so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was broken the upper trend line of the triangle pattern now this upper trend line acting as support level so we can buy near the trend line and except upto next key resistance level :- which we have shown in attached image.