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Gbp/Usd : 04/02/2016 Technical Analysis Report

4th February 2016 CFX Admin

Our Preference: Buy Above 1.4540 for the target 1.4650 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily Chart :- Yesterday GbpUsd was broken key resistance level horizontal line and  its broken the upper trend line and closed above the resistance level so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was broken the equidistant channel line on upper side and broken the key resistance level and its was trading with lower trend line so its confirming for the buying zone so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image. 


Technical Commentary :- In Daily Chart :- Yesterday GbpUsd was broken key resistance level horizontal line and its broken the upper trend line and closed above the resistance level so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



In 4 Hour Chart and 1 Hour Chart :- GbpUsd was broken the equidistant channel line on upper side and broken the key resistance level and its was trading with lower trend line so its confirming for the buying zone so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



In 4 Hour Chart and 1 Hour Chart :- GbpUsd was broken the equidistant channel line on upper side and broken the key resistance level and its was trading with lower trend line so its confirming for the buying zone so today we can buy near intraday support level and except upto next key resistance level :- which we have shown in attached image.



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