GBP/USD Open 1.5677 High 1.5730 Low 1.5660 Close 1.5674
On Tuesday Pound/Dollar traded within 60 pip range. The Cable depreciated from 1.5730 to 1.5667 yesterday, in converse with the positive money flow sentiment at around 12%, closing the day at 1.5674. Today the British Pound weakened slightly further, reaching down to 1.5660.
On the 1 hour chart quotes are holding within the trading range, while on the 3 hour chart quotes are moving within wider range. First resistance is yesterday's peak at 1.5730. Break above it should extend the bullish movement further towards 1.5852. The nearest support level is today's bottom at 1.5660. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5537.
Today are UK Claimant count, Average earnings, ILO Jobless rate, and BoE meeting minutes, all at 8:30 GMT.
Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5730 1.5852 1.5988
Technical support levels: 1.5660 1.5537 1.5400
Already made +9 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:18 GMT+1 Buy GBP/USD at 1.5671 SL 1.5645 TP 1.5731, exit sent at 7:35 GMT+1.
Today so far +66, yesterday +136, as shown at http://www.zifx.com/performance.php.