[B]Gbp/Usd : 05/03/2015 Technical Analysis Report From Centreforex
Our Preference: Sell below1.5300 with target of 1.5200.
Alternative Scenario: Buy above 1.5350 for the target of 1.5500
Technical Commentary: [/B]In daily chart :- yesterday Gbp/Usd was broken key support level line, Now the previous support line acting as key resistance line level, So we can sell near resistance @ 1.5300 upto next level 1.5200 :- We have shown in image.
In 4 hour chart Gbp/Usd was trading below intraday upper trend line and Gbp/Usd was started to trade between key support level and key resistance level so we can except sideways movements.
In 1 hour chart Gbp/Usd was broken the equidistant channel lines on lower side,Now the previous support line acting as key resistance line level.So
we can sell near resistance level :- We have shown in image.