GBP/USD Open 1.5919 High 1.5993 Low 1.5896 Close 1.5908
On Wednesday Pound/Dollar traded within 90 pip range. The Cable depreciated from 1.5993 to 1.5903 yesterday, in converse with the positive Interbank sentiment at over +46%, closing the day at 1.5908. Today the British Pound dipped slightly further, reaching 1.5896. 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 yesterday's peak at 1.5993. Break above it should extend the bullish movement further towards 1.6120. The nearest support level is yesterday's bottom at 1.5903. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5775. Today was UK Nationwide house price index at 7 GMT. Quotes are moving just bellow the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term neutral pressure. The value of the RSI indicator is negative and calm, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5993 1.6120 1.6252
Technical support levels: 1.5896 1.5770 1.5637
Already made +12 pips profit on GBP/USD today from the following sent to clients only signal:
7:27 GMT Sell GBP/USD at 1.5908 SL 1.5934 TP 1.5848, exit sent at 7:27 GMT+1.
Today so far +64, yesterday +51, as shown in details at http://www.zifx.com/performance-past.php.