GBP/USD Open 1.5656 High 1.5700 Low 1.5531 Close 1.5653
On Wednesday Pound/Dollar continued rising with 150 pips. The Cable appreciated from 1.5531 to 1.5679 yesterday, in line with the positive Interbank sentiment at over +44%, closing the day at 1.5653. Today the British Pound ascended further, climbing up to 1.57. On the 1 hour chart the upward channel is intact, while on the 3 hour chart wide range trading has formed. First resistance is today's peak at 1.5700. Break above it should extend the bullish movement further towards 1.5823. The nearest support level is yesterday's bottom at 1.5531. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5400. There are no major economic events for UK today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5700 1.5823 1.5960
Technical support levels: 1.5531 1.5400 1.5267
Trading range: 1.5670 - 1.5745
Buy at 1.5682 SL 1.5652 TP 1.5732
Already made +44 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5656 SL 1.5630 TP 1.5716, exit sent at 8:23 GMT+1.
Today so far +113, yesterday +80, as shown in details at http://www.zifx.com/performance.php.