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Technical Analysis
Daily Technical Analysis Report From CentreForex
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[QUOTE="Centreforex, post: 95383, member: 36276"] [B]Gbp/Usd : 14/01/2016 Technical Analysis Report From Centreforex[/B] [B]Our Preference:[/B] Sell Below 1.4450 for the target 1.4350 levels. [B]Alternative Scenario:[/B] Nill [B]Technical Commentary :- In Daily Chart :- [/B]GbpUsd was broken the equidistant channel lines on lower side and GbpUsd was broken the last year low so its confirming for the selling side, so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/880/gbpusd-d1-fxpro-financial-services.png[/IMG] [B]In 4 Hour Chart :- [/B]GbpUsd was trading in the equidistant channel lines and tested lower equidistance channel line and last 2 days its was trading in the sideways movement between key support level and resistance levels and now its formed intraday triangle pattern, now it was trading near lower trend line, if lower trend line breaks means further we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/880/gbpusd-h4-fxpro-financial-services.png[/IMG] [B]In 1 Hour Chart :- [/B] GbpUsd was trading in the triangle pattern and now its was trading near lower trend line is the lower trend line breaks means we can except on selling side so we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image. [IMG]https://charts.mql5.com/9/880/gbpusd-h1-fxpro-financial-services-3.png[/IMG] [/QUOTE]
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