GBP/USD Open 1.5461 High 1.5493 Low 1.5393 Close 1.5458
On Wednesday Pound/Dollar traded within 100 pip range, in converse with the negative Interbank sentiment at nearly -15%. The Cable depreciated from 1.5493 to 1.5393 yesterday, closing the day at 1.5458. Today the British Pound is showing some weakness, but movements are still within yesterday's range for the time being. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the downward channel has slowed down. First resistance is yesterday's peak at 1.5493. Break above it should extend the bullish movement further towards 1.5620. The nearest support level is yesterday's bottom at 1.5393. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5270. Today is UK BoE meeting announcement at 11 GMT. Quotes are moving between the almost even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is negative and declining, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.5493 1.5620 1.5754
Technical support levels: 1.5393 1.5270 1.5138
Trading range: 1.5455 - 1.5380
Sell at 1.5441 SL 1.5471 TP 1.5391
Already made +33 pips profit on GBP/USD today from the following sent to clients only signal:
5:25 GMT+1 Sell GBP/USD at 1.5427 SL 1.5453 TP 1.5367, exit sent at 6:52 GMT+1.
Today so far +108, yesterday +76, as shown in details at http://www.zifx.com/performance.php.