GBP/USD Open 1.5426 High 1.5446 Low 1.5326 Close 1.5436
On Wednesday Pound/Dollar continued increasing with 120 pips. The Cable appreciated from 1.5326 to 1.5444 yesterday, in converse with the negative Interbank sentiment at almost -10%, closing the day at 1.5436. Today the British Pound pushed slightly further up to 1.5446. On the 1 hour chart new range trading is emerging, while on the 3 hour chart quotes are testing the upper limit of the small angle downward channel. First resistance is yesterday's peak at 1.5446. Break above it should extend the bullish movement further towards 1.5567. The nearest support level is yesterday's bottom at 1.5326. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5200. There are no major economic events for UK today. Quotes are moving just bellow the twisted 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5446 1.5567 1.5700
Technical support levels: 1.5326 1.5200 1.5068
Trading range: 1.5410 - 1.5480
Buy at 1.5420 SL 1.5390 TP 1.5470
Already made +6 pips profit on GBP/USD today from the following sent to clients only signal:
5:19 GMT Buy GBP/USD at 1.5429 SL 1.5403 TP 1.5489, exit sent at 5:25 GMT+1.
Today so far +29, yesterday +101, as shown in details at http://www.zifx.com/performance.php.