GBP/USD 1.4449 - 9 June 2010

GBP/USD Open 1.4461 High 1.4526 Low 1.4352 Close 1.4469

On Tuesday Pound/Dollar decreased with around 170 pips, in line with negative Interbank sentiment at around -46%. The Cable depreciated from 1.4526 to 1.4352, closing the day at 1.4469. Today movement is hesitant so far, and without clear direction. First resistance is yesterday's top at 1.4526. Break above it should extend the bullish movement further towards 1.4678. The nearest support is yesterday's bottom at 1.4352. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.4220. Today is the UK Trade in goods, Non-EU trade and BoE meeting beginning 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 rising, MACD is neutral and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.Technical resistance levels: 1.4526 1.4678 1.4800Technical support levels: 1.4352 1.4220 1.4100

Trading range: 1.4435 - 1.4510Trend: UpwardBuy at 1.4449 SL 1.4419 TP 1.4499

Already made +60 pips profit on GBP/USD today from the following signal:6:35 GMT+1 Buy GBP/USD at 1.4399 SL 1.4373 TP 1.4459 TP reached at 7:33 GMT+1.Today so far +185, yesterday +101, as shown in details http://www.zifx.com/performance.php.