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Gbp/Usd : 21/02/2017 Technical Analysis Report

21st February 2017 CFX Admin

Our Preference: Sell below 1.2450 for the target of 1.2400 and 1.2100 levels
Alternative Scenario: Nill
 
Technical Commentary: In Weekly chart :-  Gbpusd was trading with upper trend line and its trading below the key resistance level of horizontal line so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image. 
 In Daily Chart  :- GbpUsd was trading in the triangle pattern and its trading below the key resistance level of horizontal line, if lower trend line breaks means we can except heavy sell off so we can sell below the 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 triangle pattern and its trading near lower trend line of triangle pattern ,if lower trend line breaks means we can except heavy sell off  so we can sell below upper trend line of the triangle pattern and except upto next key support level :- which we have shown in attached image.  


Technical Commentary: In Weekly chart :- Gbpusd was trading with upper trend line and its trading below the key resistance level of horizontal line so we can sell near the upper trend line and except upto next key support level :- which we have shown in attached image.



In Daily Chart :- GbpUsd was trading in the triangle pattern and its trading below the key resistance level of horizontal line, if lower trend line breaks means we can except heavy sell off so we can sell below the 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 triangle pattern and its trading near lower trend line of triangle pattern ,if lower trend line breaks means we can except heavy sell off so we can sell below upper trend line of the triangle pattern 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 triangle pattern and its trading near lower trend line of triangle pattern ,if lower trend line breaks means we can except heavy sell off so we can sell below upper trend line of the triangle pattern and except upto next key support level :- which we have shown in attached image.



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