GBP/USD Open 1.5661 High 1.5702 Low 1.5596 Close 1.5668
On Tuesday Pound/Dollar increased with 105 pips. The Cable appreciated from 1.5596 to 1.5702 yesterday, in line with the positive Interbank sentiment at almost +38%, closing the day at 1.5668. Today the British Pound is trading quietly, and within yesterday's range for the time being. On the 1 hour chart quotes are held within wide trading range, while on the 3 hour chart wider range trading is emerging. First resistance is yesterday's peak at 1.5702. Break above it should extend the bullish movement further towards 1.5823. The nearest support level is yesterday's bottom at 1.5596. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5460. Today is UK Nationwide house price index at 7 GMT. Quotes are moving just above the crossed and close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and calm, MACD is neutral and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5702 1.5823 1.5960
Technical support levels: 1.5596 1.5460 1.5326
Trading range: 1.5645 - 1.5710
Buy at 1.5657 SL 1.5627 TP 1.5697
Already made +16 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5659 SL 1.5633 TP 1.5719, exit sent at 7:35 GMT+1.
Today so far +35, yesterday +109, as shown in details at http://www.zifx.com/performance.php.