GBP/USD Open 1.5651 High 1.5744 Low 1.5636 Close 1.5665
On Wednesday Pound/Dollar traded within 95 pip range. The Cable appreciated from 1.5648 to 1.5744 yesterday, in line with the positive Interbank sentiment at over +9%, closing the day at 1.5665. Today the British Pound descended slightly, reaching 1.5636. On the 1 hour chart new downward channel has formed, while on the 3 hour chart range trading has emerged. First resistance is yesterday's peak at 1.5744. Break above it should extend the bullish movement further towards 1.5870. The nearest support level is today's bottom at 1.5636. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5500. There are no major economic events for UK today. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and mediun term bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5744 1.5870 1.6000
Technical support levels: 1.5636 1.5500 1.5366
Already made +7 pips profit on GBP/USD today from the following sent to clients only signal:
5:17 GMT Sell GBP/USD at 1.5650 SL 1.5676 TP 1.5590, exit sent at 5:44 GMT+1.
Today so far +68, yesterday +112, as shown in details at http://www.zifx.com/performance-past.php.