GBP/USD Open 1.5337 High 1.5404 Low 1.5315 Close 1.5331
On Tuesday Pound/Dollar continued increasing with 90 pips. The Cable appreciated from 1.5315 to 1.5404 yesterday, in converse with the negative Interbank sentiment at almost -13%, closing the day at 1.5331. Today the British Pound is trading hesitantly, but moving still within yesterday's range for the time being. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart new small angle downward channel has formed. First resistance is yesterday's peak at 1.5404. Break above it should extend the bullish movement further towards 1.5520. The nearest support level is yesterday's bottom at 1.5315. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5190. Today are UK Claimant count, Average earnings and ILO Jobless rate, all at 9:30 GMT. Quotes are moving just bellow the twisted and almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and hesitant, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5404 1.5520 1.5647
Technical support levels: 1.5315 1.5190 1.5059
Trading range: 1.5315 - 1.5390
Buy at 1.5326 SL 1.5296 TP 1.5376
Already made +27 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5351 SL 1.5325 TP 1.5411, exit sent at 7:41 GMT+1.
Today so far +101, yesterday +133, as shown in details at http://www.zifx.com/performance.php.