GBP/USD Open 1.5683 High 1.5737 Low 1.5660 Close 1.5691
On Wednesday Pound/Dollar traded within almost 70 pip range. The Cable depreciated from 1.5737 to 1.5669 yesterday, in converse with the positive Interbank sentiment at above +35%, closing the day at 1.5691. Today the British Pound descended slightly further down to 1.5658. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is on hold. First resistance is yesterday's peak at 1.5737. Break above it should extend the bullish movement further towards 1.5861. The nearest support level is today's bottom at 1.5658. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5536. 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 negative 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: 1.5737 1.5861 1.6000
Technical support levels: 1.5658 1.5536 1.5400
Already made +11 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Sell GBP/USD at 1.5669 SL 1.5695 TP 1.5609, exit sent at 7:00 GMT+1.
Today so far +102, yesterday +83, as shown in details at http://www.zifx.com/performance.php.