GBP/USD Open 1.5663 High 1.5829 Low 1.5655 Close 1.5670
On Friday Pound/Dollar decreased significantly with 170 pips. The Cable depreciated from 1.5829 to 1.5661 on Friday, in converse with the positive Interbank sentiment at almost +16%, closing the week at 1.5670. Today the British Pound continued descending slightly further to 1.5655. On the 1 hour chart quotes are testing the lower limit of the trading range, while on the 3 hour chart quotes have moved into a range. First resistance is Friday's peak at 1.5829. Break above it should extend the bullish movement further towards 1.5950. The nearest support level is Friday's bottom at 1.5655. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5630. There are no major economic events for UK today. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5829 1.5950 1.6082
Technical support levels: 1.5655 1.5630 1.5500
Already made +24 pips profit on GBP/USD today from the following sent to clients only signal:
7:24 GMT Sell GBP/USD at 1.5689 SL 1.5715 TP 1.5629, exit sent at 9:19 GMT+1.
Today so far +60, on Friday +104, as shown in details at http://www.zifx.com/performance-past.php.