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| More Technical Outlook For Gbp-Usd 20-8-2015 |
Gbp/Usd pair moved yesterday in the average price movement of 65 Pips, it recorded the highest level at 1.5699 the lowest levels at 1.5634 levels and closed at 1.5678 to gain 21 Pips during yesterday’s trading according to the economic data.
The pair opened today at 1.5678 oscillatory between the 1.5700 and the 1.5662 levels during the Asian session in a trading average of 38 pips for the limitation of the market liquidity.
The pair is moving in a series of up corrective waves after return triangle.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5700 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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