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| Technical Outlook For Gbp-Usd 4-8-2015 |
Gbp/Usd pair moved yesterday in the average price movement of 80 Pips, it recorded the highest level at 1.5644 the lowest levels at 1.5564 levels and closed at 1.5584 to lose 46 pips according to yesterday's economic data.
The pair opened today at 1.5584 oscillatory between the 1.5570 and the 1.5600levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5616
The pair is moving in a series of up impulse waves after breaking the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5690 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: Down
Support levels: 1.5550 and 1.5517 and 1.5470
Resistance levels: 1.5630 and 1.5677 and 1.5710
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