Technical Outlook For Gbp-Usd 6-8-2015

Technical Outlook For Gbp-Usd 6-8-2015

Gbp/Usd pair moved yesterday in the average price movement of 126 Pips, it recorded the highest level at 1.5650 the lowest levels at 1.5524 levels and closed at 1.5600 to Gain 40 pips according to yesterday's economic data.

The pair opened today at 1.5599 oscillatory between the 1.5594 and the 1.5524levels 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 1.5635.

The pair is moving in a series of up impulse waves above the ascending trend line.

We saw the pair achieved our target at 1.5620

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 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

Support levels: 1.5532 and 1.5465 and 1.5406

Resistance levels: 1.5658 and 1.5717 and 1.5784

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Technical Outlook For Gbp-Usd 3-8-2015

Technical Outlook For Gbp-Usd 3-8-2015

Gbp/Usd pair moved last Friday in the average price movement of 130 Pips, it recorded the highest level at 1.5678 the lowest levels at 1.5548 levels and closed at 1.5616 to Gain 16 pips according to Friday's economic data.

The pair opened today at 1.5630 oscillatory between the 1.5614 and the 1.5637levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5644

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 1.5670 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 1.5484 and 1.5420

Resistance levels: 1.5680 and 1.5744 and 1.5810

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Technical Analysis for Gbp-Usd 8-7-2015

Technical Analysis for Gbp-Usd  8-7-2015

Gbp/Usd pair move yesterday in the average price movement of 197 PIPs, it records the highest level at 1.5609 the lowest levels at 1.5412 levels and closed at 1.5451 to Lose 151 pips according to yesterday’s economic data.

The pair opened today at 1.5451 oscillatory between the 1.5425 and the 1.5465 levels during the Asian session in a trading average of 40 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.5400

The pair is moving in a series of down corrective waves and achieved our target at 50%, 61.8% FIBO retracement

The pair achieved our target yesterday at 1.5511

It is expected that the pair Pound against the dollar will go to targeted level at 1.5310 in the next few hours According to economic data today.

Today at 18:00 we are looking for FOMC Meeting Minutes

The Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: up

Support levels: 1.5372 and 1.5293 and 1.5175

Resistance levels: 1.5569 and 1.5687 and 1.5766

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