Gbp/Usd : 03/02/2015 Technical Analysis Report

3rd February 2015 CFX Admin

Our Preference: Buy positions above 1.5000 with target of 1.5060 in extension

Alternative Scenario: Nill

Technical Commentary: In daily chart :- GbpUsd was trading in near yearly low and with long consuldration ,

Gbp Usd 4 hours chart was trading in the triangle pattern with near lower trend line and Gbp Usd 1 hour charts also trading in the triangle pattern with good support levels

At present pound was trading in the selling trend and daily chart candlestick pattern showing selling trend, Buying pressure was very low on last week trading and yesterday also ,so we can except sell upto for our target 1.1270

Technical Commentary: In daily chart :- GbpUsd was trading in near yearly low and with long consuldration ,

Gbp Usd 4 hours chart was trading in the triangle pattern with near lower trend line and Gbp Usd 1 hour charts also trading in the triangle pattern with good support levels At present pound was trading in the selling trend and daily chart candlestick pattern showing selling trend, Buying pressure was very low on last week trading and yesterday also ,so we can except sell upto for our target 1.1270

Search Report

Pips Counter

PIPS COUNTER - SINCE JANUARY 2013
	Total Trades	Total Pips
EUR / USD	1135	10130
GBP / USD	1054	10550
USD / CHF	907	8945
EUR / JPY	818	10435
XAU / USD	1156	207955
TOTAL: 248015

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