Technical Commentary :- In weekly Chart :- GbpUsd was tested the resistance level of horizontal line, now the previous support level acting as key resistance level and last week its was closed below the resistance level so we can except on selling side upto next key support level.
In Daily Chart :- Yesterday GbpUsd was closed on lower side as bearish candle and it was trading in the triangle pattern and last 6 days high was formed as key resistance of horizontal line so we can sell near upper trend line and sell below the key resistance level horizontal line and today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was broken the equidistant channel line on lower side and its closed below the key resistance level horizontal line so today we can sell near intraday resistance level and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was the trading in the selling equidistant channel line and its trading near lower trend line ,if lower trend line breaks means further we can except on selling side and except upto next key support level :- which we have shown in attached image.
| 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 | ||
We are here to help you
