GBP/USD Open 1.5862 High 1.5922 Low 1.5827 Close 1.5856
On Tuesday Pound/Dollar traded within 70 pip range. The Cable depreciated from 1.5897 to 1.5827 yesterday, in converse with the positive Interbank sentiment at nearly +38%, closing the day at 1.5856. Today the British Pound resumed ascending, lifting up to 1.5922. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart the trading in range continues. First resistance is yesterday's peak at 1.5897. Break above it should extend the bullish movement further towards 1.6020. The nearest support level is yesterday's bottom at 1.5827. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5700. Today are UK PSNCR, PSNB, PSNBX and BoE meeting minutes, all at 9:30 GMT. Quotes are moving just above the even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, 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: 1.5922 1.6040 1.6173
Technical support levels: 1.5827 1.5700 1.5564
Already made +47 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5875 SL 1.5849 TP 1.5935, exit sent at 8:30 GMT+1.
Today so far +84, yesterday +104, as shown in details at http://www.zifx.com/performance-past.php.