GBP/USD Open 1.5455 High 1.5486 Low 1.5376 Close 1.5454
On Monday Pound/Dollar increased with 90 pips. The Cable appreciated from 1.5376 to 1.5470 yesterday, in converse with the negative Interbank sentiment at nearly -14%, closing the day at 1.5454. Today the British Pound ascended slightly further, reaching 1.5486. On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart the downward channel is on hold. First resistance is today's peak at 1.5486. Break above it should extend the bullish movement further towards 1.5610. The nearest support level is yesterday's bottom at 1.5376. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5250. There are no major economic events for UK today. Quotes are moving just about in line with the crossed and almost even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is positive and declining, 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: 1.5486 1.5610 1.5743
Technical support levels: 1.5376 1.5250 1.5116
Trading range: 1.5470 - 1.5395
Sell at 1.5459 SL 1.5489 TP 1.5409
Already made +7 pips profit on GBP/USD today from the following sent to clients only signal:
5:23 GMT Buy GBP/USD at 1.5479 SL 1.5453 TP 1.5539, exit sent at 5:25 GMT+1.
Today so far +49, yesterday +54, as shown in details at http://www.zifx.com/performance.php.