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Gbp/Usd : 02/02/2017 Technical Analysis Report

3rd February 2017 CFX Admin

Our Preference: Buy above 1.2500 for the target of 1.2600 levels
Alternative Scenario: Sell Below 1.2700 for the target of 1.2500
 
Technical Commentary: In Daily Chart  :- GbpUsd was trading near upper trend line and its trading near last week high and upper trend line acting as key resistance level so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image. 
In 4 Hour Chart :- GbpUsd was trading near key resistance level so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image. 
In 1 Hour Chart :- GbpUsd was broken the lower trend line and its trading below the key resistance level so we can sell near the key resistance level and except upto next key support level :- which we have shown in attached image. 


Technical Commentary: In Daily Chart :- GbpUsd was trading near upper trend line and its trading near last week high and upper trend line acting as key resistance level so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image.



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



In 1 Hour Chart :- GbpUsd was broken the lower trend line and its trading below the key resistance level so we can sell near the key resistance level and except upto next key support level :- which we have shown in attached image.



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