GBP/USD 1.5206 - 1 April 2010
Pound/Dollar continued to increase on Wednesday, in converse with the negative Interbank sentiment at around -37%. The Cable climbed yesterday from 1.5053 to 1.5203, closing the day at 1.5182. Today the bullish trend is making further efforts. First resistance is this today's peak at 1.5247. Break above it should extend the bullish movement further towards 1.5361. The nearest support is yesterday's bottom at 1.5053. Going bellow it may shake the bull's strength, and could weaken the Sterling further towards 1.4974. Today's focus is on UK CIPS manufacturing index at 08:30 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The values of RSI indicator is positive and rising, MACD is positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.
Technical resistance levels: 1.5247 1.5361 1.5473
Technical support levels: 1.5053 1.4974 1.4894
Already made +43 pips profit on GBP/USD today from the following signal:
5:35 GMT+1 Buy GBP/USD at 1.5204 SL 1.5178 TP 1.5264 exit at 8:36 GMT+1.
Today so far +93, yesterday +188, as shown in details at www.zifx.com/performance.php.