GBP/USD Open 1.5901 High 1.5930 Low 1.5835 Close 1.5889

On Monday Pound/Dollar increased with 80 pips. The Cable appreciated from 1.5835 to 1.5915 yesterday, in line with the positive Interbank sentiment at nearly +36%, closing the day at 1.5889. Today the British Pound strengthened further, lifting up to 1.5930, later collapsed. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes have returned into the trading range. First resistance is today's peak at 1.5930. Break above it should extend the bullish movement further towards 1.6052. The nearest support level is yesterday's bottom at 1.5835. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5710. There are no major economic events for UK today. Quotes are moving just bellow the 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 positive and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.5930 1.6052 1.6188
Technical support levels: 1.5835 1.5710 1.5573
Already made +4 pips profit on GBP/USD today from the following sent to clients only signal:
7:38 GMT Buy GBP/USD at 1.5900 SL 1.5874 TP 1.5960, exit sent at 7:40 GMTGMT+1.
Today so far +91, yesterday +100, as shown in details at http://www.zifx.com/performance-past.php.

ZIFX.com