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| Technical Outlook for GBP/USD 25-6-2015 |
Gbp/Usd pair move yesterday in the average price movement of 135 PIPs, it records the highest level at 1.5803 the lowest levels at 1.5667 levels and closed at 1.5705 to lose 21 pips according to positive economic data from USA
The pair opened today at 1.5705 oscillatory between the 1.5676 and 1.5712 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 1.5725
The pair is moving in a series of down corrective waves and till now the pair settled above 1.57.and now the pair is retesting the broken channel
And we saw the achieved our target at 1.5705 yesterday
It is expected that the pair Pound against the dollar will go to targeted level at 1.5640 in the next few hours According to economic data today.
And today at 13:30 we are looking for Unemployment Claims 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: 1.5647 and 1.5589 and 1.5511
Resistance levels: 1.5783 and 1.5861 and 1.5919
For More Technical Outlook FxStations
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