GBP/USD Open 1.5666 High 1.5743 Low 1.5501 Close 1.5660
On Tuesday Pound/Dollar increased significantly with 200 pips. The Cable appreciated from 1.5550 to 1.5464 yesterday, in line with the positive Interbank sentiment at almost +25%, closing the day at 1.5660. Today the British Pound strengthened further, climbing up to 1.5743. On the 1 hour chart quotes are at the upper end of the wide range, while on the 3 hour chart the downward channel is on hold. First resistance is today's peak at 1.5743. Break above it should extend the bullish movement further towards 1.5868, before the psychological 1.6. The nearest support level is yesterday's bottom at 1.5501. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5376. Today are UK PSNCR, PSNB, PSNBX, and BoE meeting minutes, all at 9:30 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and ascending, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.5743 1.5868 1.6000
Technical support levels: 1.5501 1.5376 1.5240
Trading range: 1.5715 - 1.5790
Buy at 1.5726 SL 1.5696 TP 1.5776
Already made +60 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5665 SL 1.5639 TP 1.5725, TP reached at 8:11 GMT+1.
Today so far +150, yesterday +152, as shown in details at http://www.zifx.com/performance.php.