GBP/USD Open 1.5901 High 1.5917 Low 1.5817 Close 1.5898
On Monday Pound/Dollar increased with almost 100 pips. The Cable appreciated from 1.5817 to 1.5912 yesterday, in line with the positive Interbank sentiment at over +39%, closing the day at 1.5898. Today the British Pound renewed recovering, reaching up to 1.5917. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. First resistance is today's peak at 1.5917. Break above it should extend the bullish movement further towards 1.6036. The nearest support level is yesterday's bottom at 1.5817. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5692. Today are UK HICP, Retail prices and RPI-X, all at 8:30 GMT. 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 thinly positive and hesitant, MACD is thinly positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.5917 1.6040 1.6174
Technical support levels: 1.5817 1.5692 1.5560
Already made +9 pips profit on GBP/USD today from the following sent to clients only signal:
7:33 GMTGMT+1 Sell GBP/USD at 1.5868 SL 1.5903 TP 1.5808, exit sent at 7:39 GMTGMT+1.
Today so far +50, yesterday +98, as shown in details at http://www.zifx.com/performance-past.php.