GBP/USD 1.5060 - 28 June 2010

GBP/USD Open 1.5042 High 1.5072 Low 1.4873 Close 1.5054

After partial downward adjustment, on Friday Pound/Dollar continued rising, in converse with negative Interbank sentiment at nearly -15%. The Cable dropped to 1.4873 on Friday, from where resumed recovering up to 1.5069, closing the week at 1.5054. Today movements are consolidating so far. First and strong resistance is Friday's top at 1.5072. Break above it should extend the bullish movement further towards 1.5200. The nearest support is Friday's bottom at 1.4873. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.4762. There are no major economic events for UK today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating medium term bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil, while CCI is just above the 100 line on the 1 hour chart, giving overall neutral signals.Technical resistance levels: 1.5072 1.5200 1.5323Technical support levels: 1.4873 1.4762 1.4650

Trading range: 1.5070 - 1.5000Trend: DownwardSell at 1.5060 SL 1.5090 TP 1.5010

Already made +37 pips profit on GBP/USD today from the following signal:5:50 GMT+1 Sell GBP/USD at 1.5056 SL 1.5082 TP 1.4996 exit at 7:27 GMT+1.Today so far +94, on Friday +92, as shown in details at