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| Technical Outlook for GBP-USD |
Gbp/Usd pair move last Friday in the average price movement of 129 PIPs, it records the highest level at 1.5598 the lowest levels at 1.5467 levels and closed at 1.5563 levels to Gain 52 pips according to the Friday’s economic data.
The pair opened today at 1.5559 oscillatory between the 1.5525 and the 1.5570 levels during the Asian session in a trading average 45 pips for the poor liquidity in the market, and now the pair trades around 1.5530..
The pair is moving in a series of down corrective waves and till now the pair settled above 1.55.
So it is expected that the pair Pound against the dollar will go to targeted level at 1.5590 again in the next few hours According to economic data today.
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: 1.5487 and 1.5411 and 1.5356
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