GBP/USD Open 1.5859 High 1.5930 Low 1.5808 Close 1.5860
On Tuesday Pound/Dollar decreased with 120 pips. The Cable depreciated from 1.5930 to 1.5808 yesterday, in converse with the positive Interbank sentiment at almost +31%, closing the day at 1.5860. Today the British Pound is trading quietly, moving within yesterday's range for the time being. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes have returned into the wider trading range. First resistance is yesterday's peak at 1.5930. Break above it should extend the bullish movement further towards 1.6052. The nearest support level is yesterday's bottom at 1.5808. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5684. There are no major economic events for UK today. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is neutral and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5930 1.6052 1.6188
Technical support levels: 1.5808 1.5684 1.5550
Already made +53 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMTGMT+1 Buy GBP/USD at 1.5876 SL 1.5850 TP 1.5936, exit sent at 8:00 GMTGMT+1.
Today so far +133, yesterday +91, as shown in details at http://www.zifx.com/performance-past.php.