GBP/USD Open 1.6021 High 1.6079 Low 1.5894 Close 1.6020
On Wednesday Pound/Dollar continued increasing significantly with 150 pips. The Cable appreciated from 1.5894 to 1.6043 yesterday, in line with the positive Interbank sentiment at nearly +28%, closing the day at 1.6020. Today the British Pound strengthened further, reaching 1.6079. On the 1 hour chart quotes are breaking out of the trading range, while on the 3 hour chart new upward channel is emerging. First resistance is today's peak at 1.6079. Break above it should extend the bullish movement further towards 1.6200. The nearest support level is yesterday's bottom at 1.5894. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5771. There are no major economic events for UK today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.6079 1.6200 1.6334
Technical support levels: 1.5894 1.5771 1.5640
Already made +54 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMTGMT+1 Buy GBP/USD at 1.6025 SL 1.5999 TP 1.6085, exit sent at 8:29 GMTGMT+1.
Today so far +94, yesterday +77, as shown in details at http://www.zifx.com/performance-past.php.