GBP/USD Open 1.5730 High 1.5781 Low 1.5696 Close 1.5739
On Wednesday Pound/Dollar traded within 60 pip range. The Cable depreciated from 1.5760 to 1.5696 yesterday, in converse with the positive Interbank sentiment at above +45%, closing the day at 1.5739. Today the British Pound began climbing, ascending up to 1.5781. On the 1 hour chart range trading is forming, while on the 3 hour chart quotes have also moved into a range. First resistance is today's peak at 1.5781. Break above it should extend the bullish movement further towards 1.5910. The nearest support level is yesterday's bottom at 1.5696. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5570. Today are UK BoE meeting announcement and QE, both at 12 GMT. Quotes are moving about in line with the almost even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is positive and rising, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5781 1.5910 1.6044
Technical support levels: 1.5696 1.5570 1.5434
Already made +30 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5751 SL 1.5725 TP 1.5811, exit sent at 8:25 GMT+1.
Today so far +73, yesterday +59, as shown in details at http://www.zifx.com/performance-past.php.