GBP/USD Open 1.6319 High 1.6343 Low 1.6119 Close 1.6323
On Thursday Pound/Dollar also increased with 200 pips, in converse with the negative Interbank sentiment at bellow -2%. The Cable appreciated from 1.6119 to 1.6343 yesterday, closing the day at 1.6323. Today the British Pound trading quietly, and within yesterday's range for the time being. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart wide range trading has formed. First resistance is yesterday's peak at 1.6343. Break above it should extend the bullish movement further towards 1.6462. The nearest support level is yesterday's bottom at 1.6119. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.6000. 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 neutral and calm, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.6343 1.6462 1.6600
Technical support levels: 1.6119 1.6000 1.5869
Trading range: 1.6330 - 1.6260
Sell at 1.6320 SL 1.6350 TP 1.6270
Already made +28 pips profit on GBP/USD today from the following signal:
5:30 GMT+1 Buy GBP/USD at 1.6296 SL 1.6270 TP 1.6356, exit sent at 8:13 GMT+1.
Today so far +110, yesterday +139, as shown in details at http://www.zifx.com/performance.php.