GBP/USD Open 1.5919 High 1.5938 Low 1.5798 Close 1.5899
On Tuesday Pound/Dollar renewed increasing with 125 pips. The Cable appreciated from 1.5798 to 1.5923 yesterday, in line with the positive Interbank sentiment at over +46%, closing the day at 1.5899. Today the British Pound pushed further up, climbing to 1.5938. On the 1 hour chart quotes broke up of the trading range, while on the 3 hour chart new the upward channel is trying to resume. First resistance is today's peak at 1.5938. Break above it should extend the bullish movement further towards 1.6064. The nearest support level is yesterday's bottom at 1.5798. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5670. Today are UK Gfk consumer confidence, M4 money supply, and Consumer credit, at 0:01 and 9:30 GMT respectively. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5938 1.6064 1.6200
Technical support levels: 1.5798 1.5670 1.5537
Already made +6 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5931 SL 1.5905 TP 1.5991, exit sent at 6:52 GMT+1.
Today so far +44, yesterday +146, as shown in details at http://www.zifx.com/performance-past.php.