| Global Interest Rates | |||
Australia |
4.25% | ||
Canada |
1.5% | ||
EMU |
2.5% | ||
Japan |
0.1% | ||
Swiss |
0.5% | ||
England |
1.5% | ||
US |
0.25% | ||
The British Pound recovered significantly yesterday against the US Dollar from Monday's bottom 1.6866 to this morning's top 1.7547, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for the moment, next resistance for today is expected at 1.7620, the break of which would lead to next target 1.7700. In downward direction next support further down is expected at 1.6785, followed by 1.6700.
Technical resistance levels: 1.7545 1.7620 1.7700
Technical support levels: 1.6865 1.6785 1.6700
Trading range: 1.7475 - 1.7545
Trend: Upward
Buy at 1.7485 SL 1.7455 TP 1.7535
Today we made already +25 pips profit on GBP/USD from the following signal:
5:55 GMT+1 Buy GBP/USD at 1.7522 SL 1.7496 TP 1.7582 exited at 6:37 GMT+1
Today so far +99, yesterday +137, as shown at www.zifx.com/performance.php

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