GBP/USD Open 1.5786 High 1.5875 Low 1.5770 Close 1.5783
On Thursday Pound/Dollar decreased with 105 pips. The Cable depreciated from 1.5875 to 1.5770 yesterday, in line with the negative money flow sentiment at almost -21%, closing the day at 1.5783. Today the British Pound is trading quietly, with movements at the lower end of yesterday's range for the time being.
On the 1 hour the upward channel is still on hold, while on the 3 hour chart small angle upward channel is forming. First resistance is yesterday's peak at 1.5875. Break above it should extend the bullish movement further towards 1.6000. The nearest support level is yesterday's bottom at 1.5770. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5647.
There are no major economic events for UK today.
Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is thinly negative 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: 1.5875 1.6000 1.6133
Technical support levels: 1.5770 1.5647 1.5512
Already made +19 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Sell GBP/USD at 1.5797 SL 1.5823 TP 1.5737, exit sent at 7:05 GMT+1.
Today so far +65, yesterday +28, as shown at http://www.zifx.com/performance-past.php.