GBP/USD Open 1.5849 High 1.5971 Low 1.5818 Close 1.5842
On Friday Pound/Dollar decreased significantly with 130 pips. The Cable depreciated from 1.5971 to 1.5838 on Friday, in converse with the positive Interbank sentiment at over +38%, closing the week at 1.5842. Today the British Pound descended further, going down to 1.5818. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. First resistance is Friday's peak at 1.5971. Break above it should extend the bullish movement further towards 1.6110. The nearest support level is today's bottom at 1.5818. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5793. There are no major economic events for UK today. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, 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: 1.5986 1.6110 1.6242
Technical support levels: 1.5818 1.5793 1.5660
Already made +10 pips profit on GBP/USD today from the following sent to clients only signal:
5:17 GMTGMT+1 Sell GBP/USD at 1.5828 SL 1.5854 TP 1.5768, exit sent at 8:05 GMTGMT+1.
Today so far +98, on Friday +86, as shown in details at http://www.zifx.com/performance-past.php.