GBP/USD Open 1.5703 High 1.5748 Low 1.5619 Close 1.5705
On Tuesday Pound/Dollar increased with 130 pips. The Cable appreciated from 1.5619 to 1.5748 yesterday, in line with the positive Interbank sentiment at over +34%, closing the day at 1.5705. Today the British Pound is pushing up again, with movements still within yesterday's range for the time being. On the 1 hour chart new downward channel is forming, while on the 3 hour chart range trading has emerged. First resistance is yesterday's peak at 1.5748. Break above it should extend the bullish movement further towards 1.5870. The nearest support level is yesterday's bottom at 1.5619. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5500. Today are UK Claimant count, Average earnings, and ILO Jobless rate, all at 9:30 GMT. Quotes are moving just abobe the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5748 1.5870 1.6000
Technical support levels: 1.5619 1.5500 1.5366
Already made +28 pips profit on GBP/USD today from the following sent to clients only signal:
5:19 GMT Sell GBP/USD at 1.5679 SL 1.5705 TP 1.5619, exit sent at 6:12 GMT+1.
Today so far +108, yesterday +131, as shown in details at http://www.zifx.com/performance-past.php.