GBP/USD Open 1.5622 High 1.5702 Low 1.5582 Close 1.5626
On Monday Pound/Dollar increased with 70 pips. The Cable appreciated from 1.5582 to 1.5651 yesterday, in line with the positive Interbank sentiment at over +9%, closing the day at 1.5626. Today the British Pound recovered further, climbing to 1.5702. On the 1 hour chart quotes are held within the trading range, while on the 3 hour chart wider range trading is emerging. First resistance is today's peak at 1.5702. Break above it should extend the bullish movement further towards 1.5823. The nearest support level is yesterday's bottom at 1.5582. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5460. Today is UK Bank holiday. Quotes are moving above the 20 and in line with 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is positive and inclining upwards, MACD is negative and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5702 1.5823 1.5960
Technical support levels: 1.5582 1.5460 1.5326
Trading range: 1.5650 - 1.5715
Buy at 1.5661 SL 1.5631 TP 1.5701
Already made +56 pips profit on GBP/USD today from the following sent to clients only signal:
7:16 GMT Buy GBP/USD at 1.5646 SL 1.5620 TP 1.5706, exit sent at 7:17 GMT+1.
Today so far +109, on Friday +84, as shown in details at http://www.zifx.com/performance.php.