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| Technical Outlook for GBP-USD 27-7-2015 |
Gbp/Usd pair moved last Friday in the average price movement of 59 Pips, it recorded the highest level at 1.5525 the lowest levels at 1.5466 levels and closed at 1.5509 to lose just two pips according to yesterday's economic data.
The pair opened today at 1.5510 oscillatory between the 1.5502 and the 1.5537 levels during the Asian session in a trading average of 35 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.5489
The pair is moving in a series of Down Corrective waves after breaking the wedge.
We saw the pair achieved our target at 1.5510
It is expected that the pair Pound against the dollar will go to targeted level at 1.5440 in the next few hours According to 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: 1.5475 and 1.5441 and 1.5416
Resistance levels: 1.5534 and 1.5559 and 1.5593
More Technical Outlook FxStations
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