[B]
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.
[/B]
[B]Our Preference: Sell Below 1.4780 for the target 1.4650 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was broken the lower trend line and its closed on lower side as bearish candle and now previous lower trend line acting as key resistance level and yesterday it tested the resistance level and yesterday closed below last week low so its confirming for selling side so we can except on selling side upto next support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and its trading below the key support levels so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel lines and yesterday its was tested the key resistance level of horizontal line and trading below the key support levels so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
[/B]
[B]
Our Preference: Sell Below 1.4590 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed below last year low so it s confirming for selling zone so we can sell near resistance level except upto next key support level :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and last day closing below the last year low and closed on lower side as bearish candle its trading below the key support levels so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel lines and its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4550 for the target 1.4450 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the equidistant channel lines and yesterday its was closed on lower side and its was trading so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel lines and its trading with intraday upper trend line so we can sell near intraday upper trend line and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4450 for the target 1.4350 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was broken the last year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading in the equidistant channel lines and tested lower equidistance channel line and last 2 days its was trading in the sideways movement between key support level and resistance levels and now its formed intraday triangle pattern, now it was trading near lower trend line, if lower trend line breaks means further we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the triangle pattern and now its was trading near lower trend line is the lower trend line breaks means we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4200 for the target 1.4100 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and yesterday GbpUsd was closed below the 2010 year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was broken the equidistant channel lines on lower side so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the equidistant lines and now its was trading near resistance level of horizontal line so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4200 for the target 1.4100 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was closed below the 2010 year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading with upper trend line and its trading below the resistance level of horizontal level, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the equidistant lines and now its was trading near resistance level of horizontal line so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4400 for the target 1.4300 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading in the equidistant channel lines and after testing the 2010 year low its came back to the resistance level now its trading near resistance level so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the equidistant channel line and its trading near upper channel line and its trading below the resistance level of horizontal level, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.
[/B]
[B]Gbp/Usd : 01/02/2016 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1.4400 for the target 1.4300 levels.
Alternative Scenario: Nill
Technical Commentary :- In Weekly Chart :- Last two week Gbp/Usd was tested the 2010 year low and couldn’t able to break and its was closed above the yearly low so its confirming for the buying side upto next resistance level.we can buy near key support level and keep stoploss below this year low and except upto next resistance levels :- which we have shown in attached image.
In Daily Chart :- GbpUsd was formed key support level near 2010 year low, last 6 days its was closed above the 2010 year low and its was trading in the sideways movement between key resistance level and key support level and so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was broken the equidistant channel line on lower side so its confirming for the selling zone and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4500 for the target 1.4350 levels.
Alternative Scenario: Nill
Technical Commentary :- In weekly Chart :- GbpUsd was tested the resistance level of horizontal line, now the previous support level acting as key resistance level and last week its was closed below the resistance level so we can except on selling side upto next key support level.
In Daily Chart :- Yesterday GbpUsd was closed on lower side as bearish candle and it was trading in the triangle pattern and last 6 days high was formed as key resistance of horizontal line so we can sell near upper trend line and sell below the key resistance level horizontal line and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was broken the equidistant channel line on lower side and its closed below the key resistance level horizontal line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was the trading in the selling equidistant channel line and its trading near lower trend line ,if lower trend line breaks means further we can except on selling side and except upto next key support level :- which we have shown in attached image
[/B]
[B]Our Preference: Sell Below 1.4160 for the target 1.4050 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was broken the triangle pattern on lower side and its broken the key support level of horizontal line and yesterday its was closed below the 2010 year low and closed below support level as bearish candle so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading below the key resistance level horizontal line and its was trading below yearly low so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was the trading in the equidistant channel line and its trading below the key resistance level of horizontal line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
[/B]
[B]Gbp/Usd : 25/02/2016 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1.4000 for the target 1.4880 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily Chart :- GbpUsd was trading below the key support level and trading below the 2010 year low so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading below the key resistance level horizontal line and its was trading below yearly low so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was the trading in the equidistant channel line and its trading below the key resistance level of horizontal line so we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
[/B]
[B]Our Preference: Buy Above 1280 for the target 1300 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Gold was bounced back from the key support level of horizontal line and it was closed on higher side as bullish candle so its confirming for the buying side to move next key resistance level so we can buy near key support level and except to test previous resistance level :- which we have shown in attached image.
In Daily Chart :- After testing the key support level of lower trend line and gold was moving towards on buying trend so we can except on next resistance level 1303 level so today we can except buy off from the intraday support level upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was trading in the equidistant channel line and its broken the upper trend line of key resistance level so we can except on buying side of next key resistance 1304 levels :- which we have shown in attached image.
[/B]
[B]Our Preference: Sell Below 1.4200 for the target of 1.4050 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart and 4 Hour Chart :- GbpUsd was broken the lower trend
line and its trading below the lower trend line of key support level so further we can except on
selling side upto next support levels and we can sell near key resistance level and except upto
next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gbp/Usd was broken the lower trend line and key support level of horizontal
line so we can sell below the key resistance 1.4200 level and except upto next key support level
:- which we have shown in attached image.
[/B]
GbpUsd : 22/11/2017 Technical Analysis Report From Centreforex
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.
GbpUsd : 27/11/2017 Technical Analysis Report From Centreforex
Our Preference: Buy above 1.3300 for the target of 1.3450 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was broken the key resistance level of upper trend line and key resistance level of horizontal line and we got closing above 38% Fibonacci retracement levels and last week closing also on higher side as bullish candle, so we can except on buying side upto next key resistance level:- which we have shown in attached image.
GbpUsd : 07/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below1.3420 for the target of 1.3300 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was formed new upper trend line and we got closing above 23% Fibonacci retracement levels, so its conforming for the selling side and we can sell near key resistance level and except upto next key support level of lower trend line :- which we have shown in attached image.
GbpChf : 12/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.3330 for the target of 1.3120
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpChf was trading in the equidistant channel lines and last week its failure to close above the previous high of resistance and we got closing below the key resistance now the previous high acting as the key resistance level, GbpChf was trading in the ascending triangle pattern, so we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
GbpUsd : 15/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below1.3450 for the target of 1.3350 levels
Alternative Scenario: Nill
Technical Commentary: In 4 Hours Chart :- GbpUsd was trading in the triangle pattern and GbpUsd was trading in the equidistant channel lines and its trading below the 23% Fibonacci retracement levels, so its conforming for the selling side and we can sell near key resistance level and except upto next key support level of lower trend line :- which we have shown in attached image.
GbpUsd : 19/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below1.3400 for the target of 1.3320 and 1.3260 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading in the equidistant channel lines and new lower trend line formed as key support level and its trading above the 38% Fibonacci retracement levels, so we can sell below key resistance level of upper trend line and except upto next key support level of lower trend line :- which we have shown in attached image.
By Subramanian From Centreforex
