Technical Outlook For Gbp-Usd 10-8-2015

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

Medium term trend: up

Support levels: 1.5427 and 1.5364 and 1.5306
Resistance levels: 1.5548 and 1.5606 and 1.5669
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Technical Outlook for Gbp-Usd 30-7-2015

technical Outlook for Gbp-Usd 30-7-2015

Gbp/Usd pair moved yesterday in the average price movement of 100 Pips, it recorded the highest level at 1.5687 the lowest levels at 1.5586 levels and closed at 1.5597 to lose 13 pips according to yesterday's economic data.

The pair opened today at 1.5597 oscillatory between the 1.5590 and the 1.5613 levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity.

The pair is moving in a series of up impulse waves in the wedge.

We saw the pair achieved our target at 1.5660

It is expected that the pair Pound against the dollar will go to targeted level at 1.5512 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: 1.5559 and 1.5522 and 1.5458

Resistance levels: 1.5660 and 1.5724 and 1.5761

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Technical Outlook for GBP/USD 6-7-2015

 Technical Outlook for GBP/USD 6-7-2015

Gbp/Usd pair move Last Friday in the average price movement of 85 Pips, it records the highest level at 1.5643 the lowest levels at 1.5557 levels and closed at 1.5572 to Lose 34 pips according to Friday’s economic data.

The pair opened today at 1.5541 to make a gap with 30 pip After Greeks rejected the terms of the creditors through a yesterday’s referendum.

The pair is moving in a series of down corrective waves and achieved our target at 50% FIBO retracement

It is expected that the pair Pound against the dollar will go to targeted level at 1.5660 in the next few hours According to economic data today.

Today at 14:00 we are looking for ISM Non-Manufacturing PMI 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: up

Support levels: 1.5538 and 1.5504 and 1.5452

Resistance levels: 1.5624 and 1.5676 and 1.5710

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Technical Outlook for GBP/USD 1-7-2015

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

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Technical Outlook for GBP/USD 29-6-2015

Technical Outlook for GBP/USD 29-6-2015

Gbp/Usd pair move last Friday in the average price movement of 58 PIPs, it records the highest level at 1.5767 the lowest levels at 1.5709 levels and closed at 1.5747 to Gain just 5 pips according to Friday’s economic data.

The pair opened today at 1.5682 to make a gap with 65 pips and then the pair Rise to cover this gap at 1.5746 and now the pair is trading around 1.5700

The pair is moving in a series of down corrective waves although after breaking the price channel.

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 1.5640 in the next few hours According to economic data today.

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: 1.5715 and 1.5683 and 1.5657

Resistance levels: 1.5773 and 1.5799 and 1.5831

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