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| Technical Outlook For Gbp-Usd 12-8-2015 |
Gbp-Usd pair moved yesterday in the average price movement of 60 Pips, it recorded the highest level at 1.5615 the lowest levels at 1.5554 levels and closed at 1.5570 to lose 18 pips according to yesterday's economic data.
The pair opened today at 1.5570 oscillatory between the 1.5588 and the 1.5532 levels during the Asian session in a trading average of 55 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves inside the wedge.
We saw the pair achieved our target at 1.5540
It is expected that the pair Pound against the dollar will go to targeted level at 1.5595 in the next few hours According to the economic data today.
The Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: up
