GBP/USD Open 1.5649 High 1.5696 Low 1.5601 Close 1.5633
On Monday Pound/Dollar traded within 95 pip range. The Cable depreciated from 1.5696 to 1.5601 yesterday, in converse with the positive Interbank sentiment at almost +21%, closing the day at 1.5633. Today the British Pound is trading quietly, moving within yesterday's range for the time being. On the 1 hour chart quotes broke down of the trading range, while on the 3 hour chart range trading is forming. First resistance is yesterday's peak at 1.5696. Break above it should extend the bullish movement further towards 1.5820. The nearest support level is yesterday's bottom at 1.5601. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5480. Today are UK Trade in goods and Non-EU trade, both at 9:30 GMT. Quotes are moving just above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium term bearish pressure. The value of the RSI indicator is positive and calm, MACD is negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.5696 1.5820 1.5953
Technical support levels: 1.5601 1.5480 1.5346
Already made +21 pips profit on GBP/USD today from the following sent to clients only signal:
5:21 GMT Buy GBP/USD at 1.5640 SL 1.5614 TP 1.5700, exit sent at 8:21 GMT+1.
Today so far +117, yesterday +63, as shown in details at http://www.zifx.com/performance-past.php.