GBP/USD Open 1.5468 High 1.5501 Low 1.5445 Close 1.5482
On Tuesday Pound/Dollar traded within narrow 55 pip range. The Cable appreciated from 1.5445 to 1.5501 yesterday, in converse with the negative Interbank sentiment at nearly -2%, closing the day at 1.5482. Today the British Pound is trading quietly, and within yesterday's range for the time being. On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart trading is within wider range. First resistance is yesterday's peak at 1.5501. Break above it should extend the bullish movement further towards 1.5620. The nearest support level is yesterday's bottom at 1.5445. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5326. Today are UK Trade in goods and Non-EU trade, both at 9:30 GMT. Quotes are moving in line with the 20 and just above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term slim bullish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5501 1.5620 1.5752
Technical support levels: 1.5445 1.5326 1.5200
Trading range: 1.5450 - 1.5520
Buy at 1.5460 SL 1.5430 TP 1.5510
Already made +19 pips profit on GBP/USD today from the following sent to clients only signal:
5:21 GMT Buy GBP/USD at 1.5454 SL 1.5428 TP 1.5514, exit sent at 8:18 GMT+1.
Today so far +105, yesterday +79, as shown in details at http://www.zifx.com/performance.php.