GBP/USD Open 1.5903 High 1.5935 Low 1.5825 Close 1.5900
On Wednesday Pound/Dollar increased with 110 pips. The Cable appreciated from 1.5825 to 1.5935 yesterday, in line with the positive money flow sentiment at almost around +26%, closing the day at 1.5900. Today the British Pound is trading quietly, with movements at the upper end of yesterday's range for the time being.
On the 1 hour the upward channel has renewed, while on the 3 hour chart the small angle upward channel looks good. First resistance is yesterday's peak at 1.5935. Break above it should extend the bullish movement further towards 1.6068. The nearest support level is today's bottom at 1.55825846. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5700.
Today are UK BoE meeting announcement and QE, both at 11 GMT.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5935 1.6068 1.6200
Technical support levels: 1.5825 1.5700 1.5566
Already made +9 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:16 GMT+1 Buy GBP/USD at 1.5903 SL 1.5877 TP 1.5963, exit sent at 7:23 GMT+1.
Today so far +54, yesterday +118, as shown at http://www.zifx.com/performance-past.php.