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| Technical Outlook For Gbp-USD 23-6-2015 |
Gbp/Usd pair move yesterday in the average price movement of 105 Pips, it records the highest level at 1.5910 the lowest levels at 1.5806 levels and closed at 1.5824 to lose 52 pips according to positive Existing Home Sales from USA
The pair opened today at 1.5824 and in sudden movement the pair moved down in the Asian session to 1.5765 and it bounced up to trade now around 1.5810
The pair is moving in a series of down corrective waves and till now the pair settled above 1.57.and now the pair is retesting the broken channel
And we saw the achieved our target at 1.5810 yesterday
It is expected that the pair Pound against the dollar will go to targeted level at 1.5720 in the next few hours According to economic data today.
And today at 13:30 we are looking for Core Durable Goods Orders m/m from USA.
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
Support levels: 1.5783 and 1.5742 and 1.5679
Resistance levels: 1.5887 and 1.5950 and 1.5991
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