GBP/USD Open 1.6021 High 1.6064 Low 1.5978 Close 1.6022
On Monday Pound/Dollar continued increasing with almost 90 pips. The Cable appreciated from 1.5978 to 1.6064 yesterday, in line with the positive Interbank sentiment at nearly +50%, closing the day at 1.6022. Today the British Pound is trading quietly, and within yesterday's range for the time being. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart new upward channel is emerging. First resistance is yesterday's peak at 1.6064. Break above it should extend the bullish movement further towards 1.6186. The nearest support level is yesterday's bottom at 1.5978. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5755. There are no major economic events for UK today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.6064 1.6186 1.6320
Technical support levels: 1.5978 1.5755 1.5620
Already made +9 pips profit on GBP/USD today from the following sent to clients only signal:
5:17 GMT Buy GBP/USD at 1.6034 SL 1.6008 TP 1.6094, exit sent at 5:51 GMTGMT+1.
Today so far +52, yesterday +140, as shown in details at http://www.zifx.com/performance-past.php.