GBP/USD Open 1.5869 High 1.5910 Low 1.5846 Close 1.5868

On Tuesday Pound/Dollar increased insignificantly with 50 pips. The Cable appreciated from 1.5858 to 1.5910 yesterday, in line with the positive money flow sentiment at almost above +15%, closing the day at 1.5868. Today the British Pound slipped slightly, reaching down to 1.5846.

On the 1 hour the upward channel is still on hold, while on the 3 hour chart small angle upward channel has formed. First resistance is yesterday's peak at 1.5910. Break above it should extend the bullish movement further towards 1.6035. The nearest support level is today's bottom at 1.5846. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5732.

Today is UK CIPS services index at 8:30 GMT.

Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is thinly positive and calm, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.5910 1.6035 1.6170
Technical support levels: 1.5846 1.5722 1.5590

Already made +14 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:16 GMT+1 Sell GBP/USD at 1.5863 SL 1.5889 TP 1.5803, exit sent at 7:14 GMT+1.
Today so far +58, yesterday +42, as shown at href="