GBP/USD Open 1.5833 High 1.5861 Low 1.5693 Close 1.5839
On Friday Pound/Dollar accelerated increasing further with 170 pips. The Cable appreciated from 1.5693 to 1.5861 on Friday, in line with the positive Interbank sentiment at under +13%, closing the week at 1.5839. Today the British Pound is trading quietly, moving at the upper end of Friday's range for the time being. On the 1 hour chart range trading is emerging, while on the 3 hour chart the trading range continues. First resistance is Friday's peak at 1.5861. Break above it should extend the bullish movement further towards 1.6000. The nearest support level is Friday's bottom at 1.5693. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5570. There are no major economic events for UK today. Quotes are moving inline with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5861 1.6000 1.6133
Technical support levels: 1.5693 1.5570 1.5434
Already made +12 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5839 SL 1.5813 TP 1.5899, exit sent at 6:47 GMT+1.
Today so far +53, on Friday +89, as shown in details at http://www.zifx.com/performance-past.php.