Technical Outlook for Gbp-Usd 17-8-2015

Technical Outlook for Gbp-Usd 17-8-2015

Gbp/Usd pair moved last Friday in the average price movement of 71 Pips, it recorded the highest level at 1.5658 the lowest levels at 1.5587 levels and closed at 1.5642 to Gain 33 pips according to Friday's economic data.

The pair opened today at 1.5657 oscillatory between the 1.5639 and the 1.5659 levels during the Asian session in a trading average of 20 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5686

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

We saw the pair achieved our target at 1.5655

It is expected that the pair Pound against the dollar will go to targeted level at 1.5625 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: up

Support levels: 1.5600 and 1.5558 and 1.5529
Resistance levels: 1.5671 and 1.5700 and 1.5742

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Technical Outlook for GBP-USD 27-7-2015

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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Technical Analysis for Gbp/Usd 13-7-2015

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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