GBP/USD Open 1.5709 High 1.5805 Low 1.5704 Close 1.5781
On Tuesday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5704 to 1.5805 yesterday, in line with the positive money flow sentiment at above 15%, closing the day at 1.5781. 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 chart small angle upward channel has emerged, while on the 3 hour chart trading is still held within wide range. First resistance is yesterday's peak at 1.5805. Break above it should extend the bullish movement further towards 1.5930. The nearest support level is yesterday's bottom at 1.5704. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5580.
There are no major economic events for UK today.
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: 1.5805 1.5930 1.6064
Technical support levels: 1.5704 1.5580 1.5448
Already made +10 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.5782 SL 1.5756 TP 1.5842, exit sent at 5:57 GMT+1.
Today so far +30, yesterday +102, as shown at http://www.zifx.com/performance.php.