GBP/USD Open 1.5903 High 1.6067 Low 1.5872 Close 1.5911
On Tuesday Pound/Dollar decreased significantly with 175 pips. The Cable depreciated from 1.6067 to 1.5890 yesterday, in converse with the positive Interbank sentiment at nearly +47%, closing the day at 1.5911. Today the British Pound dipped even further, descending down to 1.5872. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart quotes are returning into the trading range. First resistance is yesterday's peak at 1.6067. Break above it should extend the bullish movement further towards 1.6200. The nearest support level is yesterday's bottom at 1.5872. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5750. Today is UK CIPS services index at 8:30 GMT. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.6067 1.6200 1.6329
Technical support levels: 1.5872 1.5750 1.5620
Already made +16 pips profit on GBP/USD today from the following sent to clients only signal:
5:16 GMT Sell GBP/USD at 1.5890 SL 1.5916 TP 1.5830, exit sent at 8:30 GMTGMT+1.
Today so far +59, yesterday +52, as shown in details at http://www.zifx.com/performance-past.php.