GBP/USD Open 1.5956 High 1.6033 Low 1.5859 Close 1.5955
On Thursday Pound/Dollar began increasing with almost 100 pips. The Cable appreciated from 1.5859 to 1.5960 yesterday, in line with the positive Interbank sentiment at over +48%, closing the day at 1.5955. Today the British Pound strengthened further, ascending up to 1.6033. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart quotes are bouncing off the upper limit of the wide range. First resistance is today's peak at 1.6033. Break above it should extend the bullish movement further towards 1.6155. The nearest support level is yesterday's bottom at 1.5859. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5737. There are no major economic events for UK today. Quotes are moving above the twisted 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.6033 1.6155 1.6290
Technical support levels: 1.5859 1.5737 1.5600
Already made +60 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5973 SL 1.5947 TP 1.6033, TP reached at 7:48 GMTGMT+1.
Today so far +127, yesterday +164, as shown in details at http://www.zifx.com/performance-past.php.