Gbp/Usd : 01/09/2015 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1.5500 for the target 1.5400 and 1.5280 levels.
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week Gbp/Usd was broken the lower trend of equidistant channel lines and its broken the key support level, so we can sell near key resistance level.
In Daily chart :- Gbp/Usd was trading near key support level 1.5350 and Pervious support levels also coming at 1.5350 and last 2 days low was formed as key support levels, so further we can except upto next resistance levels :- which we have shown in attached image.
In 4 hours chart :- GbpUsd was trading in the range bound pattern for last 2 days between key resistance and key support level.
In 1 Hour Chart :- GbpUsd was trading in the intraday triangle pattern now its was trading near upper trend line so we can except upto intraday support levels :- which we have shown in attached image.