Our Preference: Sell Below 1.3300 for the target of 1.3110 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading between key resistance and key support levels as side ways movement, GbpUsd was moving to test the major key resistance level of horizontal line and upper trend line and its trading below the 38 % Fibonacci retracement levels, so we can except on selling side upto next key support level of lower trend line :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading between key resistance and key support levels as side ways movement, GbpUsd was moving to test the major key resistance level of horizontal line and upper trend line and its trading below the 38 % Fibonacci retracement levels, so we can except on selling side upto next key support level of lower trend line :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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