Technical Outlook For Gbp-Usd 4-8-2015

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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Technical Outlook For Gbp/Usd 16-7-2015

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

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Technical Outlook for GBP/USD 2-7-2015

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

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