GBP/USD Open 1.5664 High 1.5775 Low 1.5646 Close 1.5673
On Wednesday Pound/Dollar traded within 130 pip range. The Cable appreciated first to 1.5775, than lost all gains, dropping to 1.5646 yesterday, in line with the morning positive Interbank sentiment at almost +32%, closing the day at 1.5673. Today the British Pound is pushing up again, but movements are limited within yesterday's range for now. On the 1 hour chart quotes are at the upper end of the wide range, while on the 3 hour chart wider range trading has formed. First resistance is today's peak at 1.5775. Break above it should extend the bullish movement further towards 1.5900. The nearest support level is yesterday's bottom at 1.5646. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5520. Today are UK GDP and Current account Q3, both at 9:30 GMT. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5775 1.5900 1.6033
Technical support levels: 1.5646 1.5520 1.5387
Trading range: 1.5700 - 1.5775
Buy at 1.5712 SL 1.5682 TP 1.5762
Already made +49 pips profit on GBP/USD today from the following sent to clients only signal:
5:21 GMT Buy GBP/USD at 1.5663 SL 1.5637 TP 1.5723, TP reached at 8:16 GMT+1.
Today so far +164, yesterday +159, as shown in details at http://www.zifx.com/performance.php.