GBP/USD Open 1.5873 High 1.5883 Low 1.5779 Close 1.5862
On Monday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5779 to 1.5878 yesterday, in line with the positive Interbank sentiment at over +45%, closing the day at 1.5862. Today the British Pound pushed slightly further up, reaching 1.5883, than declined. On the 1 hour chart small angle upward channel has formed, while on the 3 hour chart the upward channel is still on hold. First resistance is today's peak at 1.5883. Break above it should extend the bullish movement further towards 1.6010. The nearest support level is yesterday's bottom at 1.5779. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5660. 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 positive 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: 1.5883 1.6010 1.6144
Technical support levels: 1.5779 1.5660 1.5523
Already made +44 pips profit on GBP/USD today from the following sent to clients only signal:
5:19 GMT Sell GBP/USD at 1.5855 SL 1.5881 TP 1.5795, exit sent at 8:22 GMT+1.
Today so far +91, yesterday +138, as shown in details at http://www.zifx.com/performance-past.php.