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| Technical Outlook For Gbp-Usd |
Technical Outlook For Gbp-Usd
Gbp-Usd pair moved yesterday in the average price movement of 61 Pips, it recorded the highest level at 1.5325 the lowest levels at 1.5263 levels and closed at 1.5298 to Lose Four pips according to yesterday's economic data after negativity of Construction PMI in the UK.
Gbp-Usd opened today at 1.5298 oscillatory between the 1.5272 and the 1.5310 levels during Asian session in a trading average of 38 pips for the limitation of the market liquidity.
Gbp-Usd is moving in a series of down corrective waves inside a parallel price channel.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5200 in the next few hours According to the economic data today.
The Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
We are waiting today for economic data from UK like Construction PMI at 08:30 GMT
Medium term trend: down
Support levels: 1.5265 and 1.5233 and 1.5203.
Resistance levels: 1.5327 and 1.5357 and 1.5389.
More Technical Outlook FxStations
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