GBP/USD Open 1.5880 High 1.5913 Low 1.5765 Close 1.5878
On Wednesday Pound/Dollar continued increasing with 120 pips. The Cable appreciated from 1.5765 to 1.5887 yesterday, in line with the positive money flow sentiment at over 19%, closing the day at 1.5878. Today the British lifted slightly further to 1.5913.
On the 1 hour the upward channel has accelerated, while on the 3 hour chart quotes are breaking up of the wide range. First resistance is today's peak at 1.5913. Break above it should extend the bullish movement further towards 1.6030. The nearest support level is yesterday's bottom at 1.5765. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5540.
Today is UK CBI retail sales volume balance at 10 GMT.
Quotes are moving above the 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: 1.5913 1.6040 1.6173
Technical support levels: 1.5765 1.5540 1.5400
Already made +16 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:17 GMT+1 Buy GBP/USD at 1.5897 SL 1.5871 TP 1.5957, exit sent at 8:12 GMT+1.
Today so far +66, yesterday +68, as shown at http://www.zifx.com/performance-past.php.