GBP/USD Open 1.5572 High 1.5674 Low 1.5536 Close 1.5579
On Monday Pound/Dollar decreased with 140 pips. The Cable depreciated from 1.5674 to 1.5536 yesterday, in converse with the neutral Interbank sentiment at under +1%, closing the day at 1.5579. Today the British Pound is trading quietly, moving within yesterday's range for the time being. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are keeping within the wider trading range. First resistance is yesterday's peak at 1.5674. Break above it should extend the bullish movement further towards 1.5800. The nearest support level is yesterday's bottom at 1.5536. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5400. Today are UK HICP, Retail prices, abd RPI-X, all at 9:30 GMT. 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 thinly positive and declining, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.5674 1.5800 1.5933
Technical support levels: 1.5536 1.5400 1.5276
Trading range: 1.5630 - 1.5555
Sell at 1.5617 SL 1.5647 TP 1.5567
Already made +19 pips profit on GBP/USD today from the following sent to clients only signal:
5:22 GMT Sell GBP/USD at 1.5606 SL 1.5632 TP 1.5546, exit sent at 7:41 GMT+1.
Today so far +67, yesterday +146, as shown in details at http://www.zifx.com/performance.php.