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| Technical Outlook For Gbp/Usd 26-8-2015 |
Gbp/Usd pair moved yesterday in the average price movement of 137 Pips, it recorded the highest level at 1.5817 the lowest levels at 1.5680 levels and closed at 1.5684 to Lose 89 pips according to yesterday's economic data.
The pair opened today at 1.5683 oscillatory between the 1.5680 and the 1.5715 levels during the Asian session in a trading average of 35 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse inside the parallel price channel.
We saw the pair was trading closer to our target at 1.5820
It is expected that the pair Pound against the dollar will go to targeted level at 1.5735 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
Today we are looking for economic data from USA like Core Durable Goods Orders at 12:30 GMT
Medium term trend: up
