GBP/USD Open 1.5679 High 1.5756 Low 1.5635 Close 1.5687
On Thursday Pound/Dollar traded within 120 pip range. The Cable appreciated from 1.5635 to 1.5756 yesterday, in line with the positive Interbank sentiment at over +7%, closing the day at 1.5687. Today the British Pound is trading slightly upwards, but moving still within yesterday's range for the time being. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart quotes are holding within the wide trading range. First resistance is yesterday's peak at 1.5756. Break above it should extend the bullish movement further towards 1.5880. The nearest support level is yesterday's bottom at 1.5635. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5504. There are no major economic events for UK today. Quotes are moving just above the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and hesitant, MACD is neutral and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.5756 1.5880 1.6012
Technical support levels: 1.5635 1.5504 1.5364
Trading range: 1.5680 - 1.5750
Buy at 1.5690 SL 1.5660 TP 1.5740
Already made +34 pips profit on GBP/USD today from the following sent to clients only signal:
5:21 GMT Buy GBP/USD at 1.5674 SL 1.5648 TP 1.5734, exit sent at 7:27 GMT+1.
Today so far +104, yesterday +111, as shown in details at http://www.zifx.com/performance.php.