GBP/USD Open 1.5822 High 1.5853 Low 1.5719 Close 1.5815
On Friday Pound/Dollar continued increasing with over 130 pips, in line with the positive Interbank sentiment at above +1%. The Cable appreciated from 1.5719 to 1.5853 on Friday, closing the week at 1.5815. Today the British Pound is moving hesitantly, but still holding within Friday's range for the time being. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart the downward channel is still on hold. First resistance is Friday's peak at 1.5853. Break above it should extend the bullish movement further towards 1.5977. The nearest support level is Friday's bottom at 1.5719. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5600. 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 bullish pressure. The value of the RSI indicator is thinly positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5853 1.5977 1.6100
Technical support levels: 1.5719 1.5600 1.5467
Trading range: 1.5800 - 1.5875
Buy at 1.5814 SL 1.5784 TP 1.5864
Already made +36 pips profit on GBP/USD today from the following sent to clients only signal:
5:25 GMT+1 Buy GBP/USD at 1.5792 SL 1.5766 TP 1.5852, exit sent at 8:28 GMT+1.
Today so far +115, on Friday +119, as shown in details at http://www.zifx.com/performance.php.