Gbp/Usd pair moved yesterday in the average price movement of 105 Pips, it recorded the highest level at 1.5594 the lowest levels at 1.5489 levels and closed at 1.5556 to Gain 47 pips according to yesterday's economic data.
The pair opened today at 1.5556 oscillatory between the 1.5551 and the 1.5579 levels during the Asian session in a trading average of 28 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.5541
The pair is moving in a series of Down Corrective waves after breaking the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5575 in the next few hours According to economic data today.
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: 1.5498 and 1.5441 and 1.5393
Resistance levels: 1.5603 and 1.5651 and 1.5708
More Technical Outlook FxStations
0 comments:
Post a Comment