GBP/USD Open 1.6121 High 1.6156 Low 1.6075 Close 1.6127
On Monday Pound/Dollar decreased insignificantly with 65 pips. The Cable depreciated from 1.6138 to 1.6075 yesterday, in line with the negative Interbank sentiment at over -16%, closing the day at 1.6127. Today the British Pound recovered, rising even further up to 1.6156. On the 1 hour chart new upward channel has formed, while on the 3 hour chart smaller angle upward channel is emerging. First resistance is today's peak at 1.6156. Break above it should extend the bullish movement further towards 1.6280. The nearest support level is yesterday's bottom at 1.6075. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5950. Today are UK PSNCR, PSNB and PSNBX, all at 8:30 GMT. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is 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: 1.6156 1.6280 1.6413
Technical support levels: 1.6075 1.5950 1.5818
Already made +10 pips profit on GBP/USD today from the following sent to clients only signal:
8:27 GMT+1 Buy GBP/USD at 1.6146 SL 1.6120 TP 1.6206, exit sent at 8:28 GMT+1.
Today so far +37, yesterday +115, as shown in details at http://www.zifx.com/performance-past.php.