GBP/USD Open 1.6022 High 1.6037 Low 1.5951 Close 1.6009
On Friday Pound/Dollar continued increasing with almost 90 pips. The Cable appreciated from 1.5951 to 1.6037 on Friday, in line with the positive Interbank sentiment at nearly +50%, closing the week at 1.6009. Today the British Pound strengthened slightly further, climbing up to 1.6042. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart quotes broke up of the wide trading range. First resistance is today's peak at 1.6042. Break above it should extend the bullish movement further towards 1.6166. The nearest support level is Friday's bottom at 1.5951. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5730. Today is UK CIPS manufacturing at 8:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating lim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long long signals.
Technical resistance levels: 1.6042 1.6166 1.6300
Technical support levels: 1.5951 1.5730 1.5600
Already made +59 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5983 SL 1.5957 TP 1.6043, exit sent at 7:42 GMTGMT+1.
Today so far +107, on Friday +127, as shown in details at http://www.zifx.com/performance-past.php.