GBP/USD Open 1.5892 High 1.5915 Low 1.5831 Close 1.5887
On Wednesday Pound/Dollar continued decreased with 85 pips. The Cable depreciated from 1.5915 to 1.5831 yesterday, in converse with the positive Interbank sentiment at nearly +39%, closing the day at 1.5887. Today the British Pound is trading quietly, moving at the upper end of yesterday's range for the time being. On the 1 hour chart range trading is forming, while on the 3 hour chart quotes have returned into the trading range. First resistance is yesterday's peak at 1.5915. Break above it should extend the bullish movement further towards 1.6040. The nearest support level is yesterday's bottom at 1.5831. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5700. Today are UK Halifax house price index, Industrial production, Manufacturing output, BoE meeting announcement and QE, at 7, 8:30 and 11 GMT respectively. Quotes are moving just above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium term bearish pressure. The value of the RSI indicator is positive and declining, MACD is neutral and tranquil, while CCI is almost in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5915 1.6040 1.6173
Technical support levels: 1.5831 1.5700 1.5564
Already made +21 pips profit on GBP/USD today from the following sent to clients only signal:
5:19 GMT Sell GBP/USD at 1.5901 SL 1.5927 TP 1.5841, exit sent at 8:24 GMTGMT+1.
Today so far +76, yesterday +109, as shown in details at http://www.zifx.com/performance-past.php.