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| Technical Outlook For Gbp-Usd 3-8-2015 |
Gbp/Usd pair moved last Friday in the average price movement of 130 Pips, it recorded the highest level at 1.5678 the lowest levels at 1.5548 levels and closed at 1.5616 to Gain 16 pips according to Friday's economic data.
The pair opened today at 1.5630 oscillatory between the 1.5614 and the 1.5637levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5644
The pair is moving in a series of up impulse waves after breaking the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5670 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: Down
Support levels: 1.5550 and 1.5484 and 1.5420
Resistance levels: 1.5680 and 1.5744 and 1.5810
More Technical Outlook FxStations
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