Technical Outlook For Gbp-Usd 9-7-2015

Technical Outlook For Gbp-Usd 9-7-2015

Technical Outlook For Gbp-Usd

Gbp/Usd pair moved last Friday in the average price movement of 142 Pips, it recorded the highest level at 1.5275 the lowest levels at 1.5133 levels and closed at 1.5133 to Lose 115 pips according to Friday's economic data after Non-Farm Employment Change and Unemployment Rate data.

The pair opened today at 1.5179 oscillatory between the 1.5170 and the 1.5200 levels during Asian session in a trading average of 30 pips for the limitation of the market liquidity.

The pair is moving in a series of down corrective waves inside a parallel price channel.

We saw the pair achieved our target at 1.5140

It is expected that the pair Pound against the dollar will go to targeted level at 1.5115 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: down

Support levels: 1.5085 and 1.5038 and 1.4943

Resistance levels: 1.5227 and 1.5322 and 1.5369

Technical Outlook FxStations