GBP/USD Open 1.5869 High 1.5909 Low 1.5805 Close 1.5874
On Friday Pound/Dollar increased with 100 pips. The Cable depreciated from 1.5805 to 1.5909 on Friday, in line with the positive Interbank sentiment at over +42%, closing the week at 1.5874. Today the British Pound is showing slight weakness, with movements still within Friday's range for the time being. On the 1 hour chart range quotes are still moving within the trading range, while on the 3 hour chart the trading in wider range continues. First resistance is Friday's peak at 1.5909. Break above it should extend the bullish movement further towards 1.6030. The nearest support level is Friday's bottom at 1.5805. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5686. There are no major economic events for UK today. Quotes are moving bellow the 20 and just above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term slim bullish pressure. The value of the RSI indicator is thinly negative and calm, MACD is thinly positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5909 1.6030 1.6164
Technical support levels: 1.5805 1.5686 1.5550
Already made +27 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Sell GBP/USD at 1.5862 SL 1.5888 TP 1.5802, exit sent at 8:40 GMTGMT+1.
Today so far +83, on Friday +164, as shown in details at http://www.zifx.com/performance-past.php.