GBP/USD Open 1.5319 High 1.5388 Low 1.5263 Close 1.5321
On Monday Pound/Dollar increased insignificantly with 90 pips. The Cable appreciated from 1.5263 to 1.5353 yesterday, in converse with the negative Interbank sentiment at bellow -23%, closing the day at 1.5321. Today the British Pound ascended further, climbing up to 1.5388. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart new small angle downward channel is emerging. First resistance is today's peak at 1.5388. Break above it should extend the bullish movement further towards 1.5510. The nearest support level is yesterday's bottom at 1.5263. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5150. Today are UK HICP, HICP ex EFAT, Retail prices and RPI-X, all at 9:30 GMT. Quotes are moving just above the close and twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is thinly positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5388 1.5510 1.5647
Technical support levels: 1.5263 1.5150 1.5017
Trading range: 1.5345 - 1.5420
Buy at 1.5359 SL 1.5329 TP 1.5409
Already made +26 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5362 SL 1.5336 TP 1.5422, exit sent at 7:12 GMT+1.
Today so far +120, yesterday +94, as shown in details at http://www.zifx.com/performance.php.