GBP/USD 1.5362 - 21 April 2010
GBP/USD Open 1.5363 High 1.5427 Low 1.5291 Close 1.5356

Pound/Dollar appreciated on Tuesday, in converse with the Interbank sentiment, at nearly -11%. The Cable increased yesterday from 1.5291 to 1.5427, closing the day at 1.5356. Today Sterling is trading with slight upward incline. First resistance is Tuesday's top at 1.5427. Break above it should extend the bullish movement further towards 1.5469. The nearest support is yesterday's bottom at 1.5291. Going bellow it may extend British Pound's weakening further down towards 1.5192. Today's focus is on UK Claimant count, Average earnings, ILO Jobless rate, and BoE meeting minutes at 8:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slight bullish pressure. The values of RSI, and CCI indicators are all positive and declining, while MACD is positive and calm on the 1 hour chart, giving overall light long signals.Technical resistance levels: 1.5427 1.5530 1.5523Technical support levels: 1.5291 1.5192 1.5113

Trading range: 1.5350 - 1.5425Trend: UpwardBuy at 1.5362 SL 1.5332 TP 1.5412

Already made +52 pips profit on GBP/USD today from the following signal:5:30 GMT+1 Buy GBP/USD at 1.5360 SL 1.5334 TP 1.5420 exit at 7:21 GMT+1.Today so far +113, yesterday +128, as shown in details at