GBP/USD 1.5237 - 28 April 2010
GBP/USD Open 1.5245 High 1.5483 Low 1.5206 Close 1.5257

Pound/Dollar also weakened on Tuesday, in line with the Interbank sentiment, at around -7%. The Cable depreciated yesterday from 1.5483 to 1.5223, closing the day at 1.5257. Today Sterling continued declining. First resistance is yesterday's top at 1.5483. Break above it should extend the bullish movement further towards 1.5580. The nearest support is today's bottom at 1.5206. Going bellow it may extend British Pound's weakening further down towards next downward objective 1.5113. There are no major economic events today for UK. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and climbing, while MACD and CCI are negative and calm on the 1 hour chart, giving overall short signals.Technical resistance levels: 1.5483 1.5580 1.5700Technical support levels: 1.5206 1.5113 1.5020

Trading range: 1.5250 - 1.534175Trend: DownwardSell at 1.5237 SL 1.5267 TP 1.5187

Already made +60 pips profit on GBP/USD today from the following signal:5:31 GMT+1 Sell GBP/USD at 1.5273 SL 1.5299 TP 1.5213 TP teached 7:56 GMT+1.Today so far +129, yesterday +111, as shown in details at