Pondsterling Fx TradingUpdate Today

The movement of the forex exchange rate of the pound pair in Asian session (02:25:35 GMT)moved up against the u.s. dollar,After opening stronger at 1.4818 in early trade (00.00 GMT), the exchange rate of the pound rise 7 pips or 0.01% and the value of the rolling was at 1.4825. Pound sterling in Asian session trying to rebound after three days of consecutive previous trade rectified by the weak fundamental currency of the United Kingdom. It also encouraged the strengthening of a weakening u.s. dollar and positive sentiment data on House prices in the United Kingdom by the NBS that will released later in the afternoon.

If the home sale price data in the United Kingdom rose and the u.s. dollar still weak then the pair GBPUSD

can preserve reboundnya. But if the dollar continues strong then the pair will continue

the selling pressure daily GBPUSD technical basis is estimated to be moving up to level 5 on the Middle 1.4862 bolinger. daily if translucent 1.4838 MA level 3 daily. If it not happen , then the levels of 1.4840 see-through pair will back down to the lower level at 1.4775 bolinger 5 Daily. So yessnews 

 suggested that the range of normal pair GBPUSD today is expected to

have a support level at 1.4764 and resistant level at 1.4892.