GBP/USD Open 1.5522 High 1.5544 Low 1.5433 Close 1.5512
On Thursday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5433 to 1.5534 yesterday, in converse with the negative Interbank sentiment at bellow -7%, closing the day at 1.5512. Today the British Pound lifted slightly further, climbing to 1.5544. On the 1 hour chart quotes bounced from the lower limit of the wide range, while on the 3 hour chart the downward channel is still making renewal attempts. First resistance is today's peak at 1.5544. Break above it should extend the bullish movement further towards 1.5669. The nearest support level is yesterday's bottom at 1.5433. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5300. There are no major economic events for UK today. Quotes are moving bellow the 20 and just above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term slim bullish pressure. The value of the RSI indicator is neutral and declining, MACD is positive and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5544 1.5669 1.5800
Technical support levels: 1.5433 1.5300 1.5167
Trading range: 1.5530 - 1.5455
Sell at 1.5518 SL 1.5548 TP 1.5468
Already made +38 pips profit on GBP/USD today from the following sent to clients only signal:
5:23 GMT Sell GBP/USD at 1.5530 SL 1.5556 TP 1.5470, exit sent at 8:27 GMT+1.
Today so far +107, yesterday +53, as shown in details at http://www.zifx.com/performance.php.