GBP/USD Open 1.5991 High 1.5826 Low 1.5680 Close 1.5789
On Thursday Pound/Dollar traded within 120 pip range, in line with the neutral Interbank sentiment at nearly +6%. The Cable depreciated from 1.5804 to 1.5680 yesterday, than recovered up, closing the day at 1.5789. Today the British Pound climbed even further, reaching 1.5826. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart wide range trading is forming. First resistance is yesterday's peak at 1.5826. Break above it should extend the bullish movement further towards 1.5950. The nearest support level is yesterday's bottom at 1.5680. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5548. Today are UK PSNCR and PSNB, both at 8:30 GMT. Quotes have just crossed down the twisted and almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish impulse. The value of the RSI indicator is positive and declining, MACD is thinly positive and tranquil, while CCI is about to cross down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.5826 1.5950 1.6083
Technical support levels: 1.5680 1.5548 1.5414
Trading range: 1.5790 - 1.5720
Sell at 1.5780 SL 1.5810 TP 1.5730
Already made +25 pips profit on GBP/USD today from the following sent to clients only signal:
5:25 GMT+1 Buy GBP/USD at 1.5797 SL 1.5771 TP 1.5857, exit sent at 7:14 GMT+1.
Today so far +104, yesterday +134, as shown in details at http://www.zifx.com/performance.php.