Gbp/Usd : 03/11/2015 Technical Analysis Report From Centreforex
Our Preference: Sell below 1.5500 for the target 1.5390 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily Chart :- GbpUsd was formed major key resistance 1.5500 level
and upper trend line was formed near key resistance level and yesterday GbpUsd was closed on
lower side with bearish candle so its confirming for the selling side so further we can except next
key support levels :- which we have shown in attached image.
In 4 hours chart :- Gbp/Usd was moving in the sideways movement between key resistance level
and key support levels with upper trend line and lower trend line :- which we have shown in
In 1 hour chart :- GbpUsd was trading in the sideways movement and its trading below the key
resistance level and its trading with lower trend line so futher we can expect upto next key support
level :- which we have shown in attached image.