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| Technical Outlook for Gbp/Usd 21-6-2015 |
Gbp/Usd pair move last Friday in the average price movement of 60 PIPs, it records the highest level at 1.5897 the lowest levels at 1.5836 levels and closed at 1.5877 around the opining price levels to make some correction after last week rally.
The pair opened today at 1.5876 oscillatory between the 1.5868 and the 1.5909 levels during the Asian session in a trading average 40 pips for the poor liquidity in the market...
The pair is moving in a series of down corrective waves and till now the pair settled above 1.57.
And we saw the achieved our target at 1.5740 last week
It is expected that the pair Pound against the dollar will go to targeted level at 1.5810 in the next few hours According to economic data today to retest the broken resistance.
And we are looking for today for Euro group Meetings
And 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: 1.5843 and 1.5809 and 1.5782
Resistance levels: 1.5904 and 1.5931 and 1.59653
For more Technical Outlook fxstations
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