Gbp/Usd : 17/03/2015 Technical Analysis Report From Centreforex
Our Preference: Sell below1.4820 with target of 1.4730 & 1.4620.
Alternative Scenario: Nill
Technical Commentary:
In weekly chart :- Last week GbpUsd was closed below last 2 years low of year 2013,so its confirming that for selling trend so be caution on buy side, without stoploss don’t enter, so we can sell near the major key resistance of 1.4820 levels :- We have shown in image.
In daily chart :- Gbp/Usd was broken last 2 years low and its closed below major level of 1.4820 and its started move towards the lower trend line:- We have shown in image.
In 4 hour chart and 1 hour chart :- Gbp/Usd was trading in the equidistant channel lines and its trading near to upper channel line with triangle pattern So we can sell near upper channel line and trend line :- We have shown in image.