Our Preference: Buy above 1.3450 for the target of 1.3600 levels
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week GbpUsd was closed above the key support level of horizontal line and it was closed as bearish candle now its trading near major key support level, so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Last 5 days low was formed as major key support level of horizontal line and now its trading above the key support line and last week major uptrend line was broken so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- GbpUsd was trading in the range bound pattern so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In Weekly Chart :- Last week GbpUsd was closed above the key support level of horizontal line and it was closed as bearish candle now its trading near major key support level, so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- Last 5 days low was formed as major key support level of horizontal line and now its trading above the key support line and last week major uptrend line was broken so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading in the range bound pattern so we can buy near key support levels and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was trading in the range bound pattern so we can buy near key support levels and except upto next key resistance 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 | ||
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