GBP/USD Open 1.5918 High 1.5939 Low 1.5850 Close 1.5901

On Wednesday Pound/Dollar increased with 90 pips. The Cable appreciated from 1.5850 to 1.5939 yesterday, in line with the positive Interbank sentiment at over +46%, closing the day at 1.5901. Today the British Pound is trading quietly, moving at the upper end of yesterday's range for the time being. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. First resistance is yesterday's peak at 1.5939. Break above it should extend the bullish movement further towards 1.6062. The nearest support level is yesterday's bottom at 1.5850. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5724. Today are UK Trade in goods and Non-EU trade, both at 8:30 GMT. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5939 1.6062 1.6200
Technical support levels: 1.5850 1.5724 1.5590
Already made +15 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMTGMT+1 Buy GBP/USD at 1.5923 SL 1.5897 TP 1.5983, exit sent at 7:05 GMTGMT+1.
Today so far +70, yesterday +147, as shown in details at http://www.zifx.com/performance-past.php.

ZIFX.com