GBP/USD Open 1.5535 High 1.5689 Low 1.5519 Close 1.5553
On Monday Pound/Dollar increased significantly with 160 pips, in converse with the negative Interbank sentiment at nearly -18%. The Cable appreciated from 1.5519 to 1.5689 yesterday, closing the day at 1.5553. Today the British Pound adjusted, than began pushing up again, but it's moving still within yesterday's range for the time being. On the 1 hour chart range trading has formed, while on the 3 hour chart the downward channel is on hold. First resistance is yesterday's peak at 1.5689. Break above it should extend the bullish movement further towards 1.5816. The nearest support level is yesterday's bottom at 1.5519. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5400. Today are UK Industrial production and Manufacturing output, both at 8:30 GMT. 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 negative and inclining upwards, MACD is positive and quiet, while CCI is about to cross up the 100 line on the 1 hour chart, giving over light long signals.
Technical resistance levels: 1.5689 1.5816 1.5940
Technical support levels: 1.5519 1.5400 1.5267
Trading range: 1.5630 - 1.5705
Buy at 1.5641 SL 1.5611 TP 1.5691
Already made +47 pips profit on GBP/USD today from the following sent to clients only signal:
5:26 GMT+1 Buy GBP/USD at 1.5614 SL 1.5588 TP 1.5674, exit sent at 8:31 GMT+1.
Today so far +114, yesterday +119, as shown in details at http://www.zifx.com/performance.php.