GBP/USD 1.4460 - 18 May 2010
GBP/USD Open 1.4476 High 1.4549 Low 1.4279 Close 1.4471

Pound/Dollar traded mainly with a decrease on Monday, in line with the negative Interbank sentiment at nearly -59%. The Cable depreciated yesterday from 1.4549 to 1.4279, than recovered partially, closing the day at 1.4471. Today Sterling's is trading hesitantly. First resistance is yesterday's top at 1.4549. Break above it should extend the bullish movement further towards 1.4641. The nearest support is yesterday's bottom at 1.4279. Going bellow it should extend British Pound's reduction further down towards next downward target 1.4135. Today is the UK HICP, Retail prices, and RPI-X at 8:30 GMT. 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 declining, MACD is neutral and inclining upwards, while CCI is positive and rising on the 1 hour chart, giving over light long signals.Technical resistance levels: 1.4549 1.4641 1.4781Technical support levels: 1.4279 1.4135 1.4000

Trading range: 1.4450 - 1.4520Trend: UpwardBuy at 1.4460 SL 1.4430 TP 1.4510

Already made +31 pips profit on GBP/USD today from the following signal:5:34 GMT+1 Sell GBP/USD at 1.4437 SL 1.4463 TP 1.4377 exit at 6:11 GMT+1.Today so far +105, yesterday +163, as shown in details at