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| Technical Outlook For Gbp-Usd 10-8-2015 |
Gbp/Usd pair moved last Friday in the average price movement of 120 Pips, it recorded the highest level at 1.5544 the lowest levels at 1.5423 levels and closed at 1.5490 to Gain 20 pips according to Friday's economic data.
The pair opened today at 1.5485 oscillatory between the 1.5476 and the 1.5496levels during the Asian session in a trading average of 20 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves above the ascending trend line.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5540 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
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