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| Technical Outlook For Gbp-Usd 24-8-2015 |
Gbp/Usd pair moved last Friday in the average price movement of 66 Pips, it recorded the highest level at 1.5722 the lowest levels at 1.5656 levels and closed at 1.5690 to Gain Just two pips according to Friday's economic data.
The pair opened today at 1.5673 oscillatory between the 1.5660 and the 1.5696 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 down to 1.5630
The pair is moving in a series of up impulse inside the parallel price channel.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5770 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: up
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