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| Technical Outlook For Gbp-Usd 13-8-2015 |
Gbp/Usd pair moved yesterday in the average price movement of 127 Pips, it recorded the highest level at 1.5659 the lowest levels at 1.5533 levels and closed at 1.5608 to Gain 37 pips according to yesterday's economic data.
The pair opened today at 1.5607 oscillatory between the 1.5605 and the 1.5634 levels during the Asian session in a trading average of 29 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves after breaking the wedge.
We saw the pair achieved our target at 1.5595
It is expected that the pair Pound against the dollar will go to targeted level at 1.5655 in the next few hours According to the 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: up
Support levels: 1.5541 and 1.5474 and 1.5415
Resistance levels: 1.5667 and 1.5726 and 1.5793
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