GBP/USD Open 1.6461 High 1.6524 Low 1.6434 Close 1.6449
On Monday Pound/Dollar decreased insignificantly with almost 90 pips, in converse with the positive Interbank sentiment at nearly +33%. The Cable depreciated from 1.6522 to 1.6434 yesterday, closing the day at 1.6449. Today the British Pound is pushing up, reaching up to 1.6524. On the 1 hour the upward channel has slowed down, while on the 3 hour chart the wider upward channel looks good. First resistance is today's peak at 1.6524. Break above it should extend the bullish movement further towards 1.6650. The nearest support level is yesterday's bottom at 1.6434. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.6300. Today are UK CBI industrial order books balance and output balance, both at 10 GMT. Quotes are moving just above the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.6524 1.6650 1.6788
Technical support levels: 1.6434 1.6300 1.6164
Trading range: 1.6480 - 1.6555
Buy at 1.6494 SL 1.6464 TP 1.6544
Already made +47 pips profit on GBP/USD today from the following signal:
5:29 GMT+1 Buy GBP/USD at 1.6477 SL 1.6451 TP 1.6537, exit sent at 8:17 GMT+1.
Today so far +115, yesterday +141, as shown in details at http://www.zifx.com/performance.php.