 |
| Technical Outlook For Gbp/Usd 16-7-2015 |
Gbp/Usd pair move yesterday in the average price movement of 98 Pips, it recorded the highest level at 1.5674 the lowest levels at 1.5576 levels and closed at 1.5631 to close at the same opining price according to Yesterday’s economic data.
The pair opened today at 1.5631 oscillatory between the 1.5606 and the 1.5640 levels during the Asian session in a trading average of 36 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5649
The pair is moving in a series of up impulse waves after returning to trade in the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5750 in the next few hours According to economic data today.
Today at 12:00 we are looking for Philly Fed Manufacturing Index from UK
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: 1.5580 and 1.5529 and 1.5482
Resistance levels: 1.5678 and 1.5725 and 1.5776
0 comments:
Post a Comment