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| Technical Outlook for GBP/USD 1-7-2015 |
Gbp/Usd pair move yesterday in the average price movement of 83 Pips, it records the highest level at 1.5778 the lowest levels at 1.5652 levels and closed at 1.5715 to Lose 20 pips according to yesterday’s economic data.
The pair opened today at 1.5715 oscillatory between the 1.5718 and the 1.5677 levels during the Asian session in a trading average of 40 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves but till now the pair is trading in Strong fluctuation region.
And we saw the pair went down to trade close to our target at 1.5640
It is expected that the pair Pound against the dollar will go to targeted level at 1.5645 in the next few hours According to economic data today.
Today at 12:15 we are looking for ADP Non-Farm Employment Change from USA
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
Support levels: 1.5652 and 1.5589 and 1.5526
Resistance levels: 1.5778 and 1.5841 and 1.5904
For More technical Outlook FxStations
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