GBP/USD Open 1.5957 High 1.5976 Low 1.5876 Close 1.5954
On Thursday Pound/Dollar continued traded within 100 pip range. The Cable appreciated from 1.5876 to 1.5976 yesterday, in line with the positive Interbank sentiment at over +52%, closing the day at 1.5954. Today the British Pound is showing weakness, but movements are still within yesterday's range for the time being. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart the upward channel is still trying to resume. First resistance is yesterday's peak at 1.5976. Break above it should extend the bullish movement further towards 1.6100. The nearest support level is yesterday's bottom at 1.5876. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5750. There are no major economic events for UK today. Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is neutral and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5976 1.6100 1.6233
Technical support levels: 1.5876 1.5750 1.5616
Already made +30 pips profit on GBP/USD today from the following sent to clients only signal:
5:17 GMT Sell GBP/USD at 1.5948 SL 1.5974 TP 1.5888, exit sent at 7:59 GMT+1.
Today so far +123, yesterday +64, as shown in details at http://www.zifx.com/performance-past.php.