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| Technical Analysis for Gbp/Usd 13-7-2015 |
Gbp/Usd pair move last Friday in the average price movement of 187 PIPs, it recorded the highest level at 1.5549 the lowest levels at 1.5363 levels and closed at 1.5511 to Gain 133 pips according to Friday’s economic data.
The pair opened today at 1.5519 oscillatory between the 1.5492 and the 1.5521 levels during the Asian session in a trading average of 29 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5551
The pair is moving in a series of down corrective waves after breaking the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5370 in the next few hours According to economic data today.
Today at 12:30 we are looking for BOE Credit Conditions Survey
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: 1.5399 and 1.5288 and 1.5213
Resistance levels: 1.5585 and 1.5660 and 1.5771
For More Technical Outlook FxStation
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