GBP/USD Open 1.5822 High 1.5893 Low 1.5763 Close 1.5813
On Thursday Pound/Dollar decreased sharply with 130 pips. The Cable depreciated from 1.5893 to 1.5763 yesterday, in converse with the positive Interbank sentiment at above +45%, closing the day at 1.5813. Today the British Pound is recovering, reaching to the 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 trading in range continues. First resistance is yesterday's peak at 1.5893. Break above it should extend the bullish movement further towards 1.6020. The nearest support level is yesterday's bottom at 1.5763. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5638. There are no major economic events for UK today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim neutral bullish pressure. The value of the RSI indicator is positive and calm, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5893 1.6020 1.6153
Technical support levels: 1.5763 1.5638 1.5500
Already made +44 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5842 SL 1.5816 TP 1.5902, exit sent at 8:36 GMT+1.
Today so far +148, yesterday +134, as shown in details at http://www.zifx.com/performance-past.php.