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| Technical Outlook For Gbp/Usd 5-8-2015 |
Gbp/Usd pair moved yesterday in the average price movement of 75 Pips, it recorded the highest level at 1.5632 the lowest levels at 1.5556 levels and closed at 1.5561 to lose 23 pips according to yesterday's economic data.
The pair opened today at 1.5560 oscillatory between the 1.5530 and the 1.5568 levels during the Asian session in a trading average of 38 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5588
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 1.5620 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: 1.5534 and 1.5507 and 1.5458
Resistance levels: 1.5610 and 1.5659 and 1.5686
More Technical Outlook FxStations
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