![]() |
| Technical Outlook for GBP-USD 21-7-2015 |
Gbp-Usd pair moved yesterday in the average price movement of 88 Pips, it recorded the highest level at 1.5626 the lowest levels at 1.5537 levels and closed at 1.5557 to lose 41 pips according to yesterday's economic data.
The pair opened today at 1.5557 Oscillatory between the 1.5555 and the 1.5572 levels during the Asian session in a trading average of 17 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5582
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: 1.5520 and 1.5484 and 1.5431
Resistance levels: 1.5609 and 1.5662 and 1.5698
More Technical Outlook FxStations












