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| Technical Outlook for GBP-USD 22-7-2015 |
Gbp-Usd pair moved yesterday in the average price movement of 61 Pips, it recorded the highest level at 1.5589 the lowest levels at 1.5528 levels and closed at 1.5554 to lose just two pips according to yesterday's economic data.
The pair opened today at 1.5554 oscillatory between the 1.5550 and the 1.5577 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5623
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 1.5510 in the next few hours According to economic data today.
The Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market
Medium term trend: Down
Support levels: 1.5525 and 1.5496 and 1.5464
Resistance levels: 1.5586 and 1.5618 and 1.5647
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