GBP/USD Open 1.5803 High 1.5818 Low 1.5653 Close 1.5794

On Thursday Pound/Dollar increased significantly with 160 pips. The Cable appreciated from 1.5653 to 1.5818 yesterday, in line with the positive Interbank sentiment at above +18%, closing the day at 1.5794. Today the British Pound is trading quietly, with movements at the upper end of yesterday's range for the time being. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. First resistance is yesterday's peak at 1.5818. Break above it should extend the bullish movement further towards 1.5940. The nearest support level is yesterday's bottom at 1.5653. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5530. Today is UK Retail sales at 9:30 GMT. Quotes are moving just above the crossed 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and declining, MACD is positive 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: 1.5818 1.5940 1.6073
Technical support levels: 1.5653 1.5530 1.5400
Already made +7 pips profit on GBP/USD today from the following sent to clients only signal:
5:19 GMT Sell Buy GBP/USD at 1.5804 SL 1.5778 TP 1.5864, exit sent at 7:37 GMT+1.
Today so far +41 , yesterday +114, as shown in details at http://www.zifx.com/performance-past.php.

ZIFX.com