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| Technical Outlook for GBP/USD 2-7-2015 |
Gbp/Usd pair move yesterday in the average price movement of 145 PIPs, it records the highest level at 1.5736 the lowest levels at 1.5591 levels and closed at 1.5618 to Lose 96 pips according to Positive ADP Non-Farm Employment Change from USA.
The pair opened today at 1.5618 oscillatory between the 1.5600 and the 1.5620 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 down to 1.5584
The pair is moving in a series of down corrective waves targeted 50% FIBO retracement
And we saw the pair achieved our target at 1.5645 during yesterday’s Trading
It is expected that the pair Pound against the dollar will go to targeted level at 1.5510 in the next few hours According to economic data today.
Today at 12:30 we are looking for Non-Farm Employment Change and Unemployment Rate 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: 1.5560 and 1.5503 and 1.5415
Resistance levels: 1.5705 and 1.5793 and 1.5850
For More Technical Outlook FxStations
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