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Swirling pair of sterling against the dollar around 50 SMA, and who meets with the level of 50% Fibonacci retracement at 1.5555, while still trading relationship between confirm trend levels represented by support 1.5360 and resistance 1.5700, and therefore, we are continuing to neutral to the price succeeds skip one of the mentioned levels.
Narrowband continue his control over the trading pair of sterling against the dollar, which is fluctuating around the level of 1.5555, trading to remain stuck between confirm the trend that is the support 1.5360 and resistance 1.5725 levels, and this is what makes us continue to be neutral to skip one of these levels.
Support 1.5360 break will pay the price to test the level of 1.5188 initially, while the penetration resistance will lead to trading gains start mainly at 1.5925 and extend to 1.6200.
Expected trading range for today between 1.5400 support and 1.5700 resistance scale
General tendency is expected for today: neutral
GBPUSD
Price: 1.5626 July 22 20:26
Movement: 72.7 Pips (0:47%)
pivot
Support: 1.5496
Pivot: 1.5557
Resistance: 1.5618
Technical indicators
Short Term: 80% Buy
Mid Term: 75% Buy
Long Term: 67% Buy
Recommendation: 64% Buy
GBP / USD bottomed morning of the price of 1.5550 as a support myself pushing to test the resistance 1.5624, with expectations Bmphajiat in the number of votes favorable to raise interest rates by the Bank of England's nine members, where the lack of consensus on not to raise interest rates may make the pound dollar today flying in the sky higher profits 1.5700.
Maintaining the highest price 1.5530 and 38% Fibonacci support levels of 1.5550 daily motivation to return to climb on condition exceeded the downward trend line resistance above the price of 1.5630 to target 1.5660 then the price rise of open targets up to 1.5900 again in the short term.
Good attempts in the return to positive technical indicators and support for higher prices 1.5600 at the moment, with control decisions Mr. Mark Carney Governor of the Central Bank of England today.
This cross was the most stable today reflecting a weakening of both the British pound and the US dollar during the day. While the dollar's decline was explained above, the weakening of the British currency is in turn especially to the government announcements of new measures to reduce state spending.
the pound gained ground against the other major currencies ahead of European deals on Wednesday. the pound hit a 2 day high of 1.5612 versus the dollar, compared to yesterday's closing value of 1.5552. the pound rose to 1.4957 against yen franc, 0.7006 against the euro and 193.02 against the yen, from early lows of 1.4876 and .7036, and 8 day low of 192.29,
Pair of sterling against the dollar continues to move in both sides of the path as seen on the graph, it is still trading relationship between the directional keys whose support 1.5360 and resistance which now rises to 1.5750, and therefore, we are continuing to neutral to the price confirms penetrate one of these levels.
GBPUSD
Price: 1.5588 July 23 19:49
Movement: -23.2 Pips (-0.15%)
pivot
Support: 1.5502
Pivot: 1.5601
Resistance: 1.5701
Technical indicators
Short Term: 60% Buy
Mid Term: 75% Buy
Long Term: 67% Buy
Recommendation: 56% Buy