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| Technical Analysis for Gbp-Usd 14-7-2015 |
Gbp/Usd pair move yesterday in the average price movement of 109 PIPs, it recorded the highest level at 1.5588 the lowest levels at 1.5478 levels and closed at 1.5486 to Lose 32 pips according to Yesterday’s economic data.
The pair opened today at 1.5486 oscillatory between the 1.5471 and the 1.5491 levels during the Asian session in a trading average of 20 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.5450
The pair is moving in a series of down corrective waves after breaking the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5370 in the next few hours According to economic data today.
Today at 09:15 we are looking for Inflation Report Hearings from UK
The Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: Down
Support levels: 1.5446 and 1.5407 and 1.5336
Resistance levels: 1.5556 and 1.5627 and 1.5666
For More Technical Outlook FxStations
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